US copper scrap discounts widen on summer slump

Sentiment in the copper scrap market in the United States has turned gloomy, with some saying that the typical summer doldrums have set in and with generally high exchange prices making discounting necessary.

“[It’s] a combination of still-reduced manufacturing output in the US, soft demand from Europe and a strong market value near $3 [per lb],” one consumer said. “The market has typically slid into an oversupplied state in the second half of past years; looks like...

Published

Thorsten Schier

August 13, 2020

19:40 GMT

New York