US copper scrap discounts, brass scrap tags up

Demand for copper scrap material in the United States remained lackluster this week; the market is not short on copper scrap, sources said, noting that pressured overseas markets have weighed further on already weak domestic demand.

“There’s severe pressure on the consumer market overseas,” a consumer said. “Our end markets aren’t valuable enough.” Fastmarkets’ assessment of the discount for copper scrap No1, delivered to refiners increased by 2 cents to 15-17 cents per lb on Wednesday July 22 from 13-15 cents per lb previously. The discount for copper scrap No2 copper, delivered to refiners rose by 1 cent to 30-32 cents per lb from 29-31 cents per lb one week earlier. “[It seems there’s] very little interest...

Published

Jenny Stewart

July 23, 2020

23:04 GMT

New York