US copper scrap spreads tighten; new Malaysian regulations cause unease

Discounts for some copper scrap grades in the United States fell due to continuing strong demand and a well-balanced market.

 “Demand is pretty good, and is getting better,” a copper scrap seller said. “Supply will get tighter by end of the year.” “It is a very good market – supply might get tighter,” a brass ingot maker said. But scrap flows may change due to the Malaysian government setting a 0% impurity threshold for three major scrap import products into the country, including “ferrous waste and scrap; remelting scrap ingot of iron or steel” (HS Code 7204), copper waste and scrap (HS...

Published

Rijuta Dey Bera

September 23, 2021

21:36 GMT

New York