The copper scrap discount in January has narrowed month on month for Chinese imports, mainly due to limited scrap availability following a drop in copper's outright price.
No 2 copper scrap, which includes birch and cliff of 94-96% copper content, was being sold into the country at a discount of 24-30 cents per lb this month, Fastmarkets assessed. The spreads are smaller compared to 26-34 cents per lb, assessed a month ago December 31.Multiple parcels of US No 2 scrap are reported being sold to Chinese buyers with an exemption from the tariffs at a range...