The copper scrap market in the United States primarily remained steady on Wednesday November 10, with market participants saying demand and supply remain in good balance.
One seller said that falling demand overseas, namely from China, was currently keeping prices stable but that US demand remained very high. "If I have to pound the phone to sell copper, it's not hard to see it's an oversupply problem," the seller said, "But lately, consumers of copper have been making calls [to sellers]; buyers are out looking [for supply]." The seller also expected that prices will rise and spreads will tighten in the near...