The discounts for brass mill No1 copper and for brass ingot makers' light copper scrap tightened in the week to Wednesday February 26, moving in tandem with the falling Comex copper price, but increased export demand supported most brass scrap tags.
Some copper scrap discounts tightened as the Comex copper price softened in the wake of the novel coronavirus (2019-nCoV) spreading outside China.Fastmarkets assessed the copper scrap No1 copper, discount, buying price, delivered to brass mill US at 11-12 cents per lb on Wednesday, falling from...