China’s non-ferrous scrap import regulations loom over US copper scrap market

摘要

The copper and brass scrap markets in the United States weremostly status quo this week, although pockets of mixed demand,reports of rising supply and steep Comex drops signaled thatdiscounts and prices could come under pressure heading into May.And new developments suggest that non-ferrous scrap importsinto China will come to a screeching halt between June 15 and July15, potentially leading to a supply overhang and subsequent pricedrop in the United States, sources told Fastmarkets.In the meantime, however, US consumers were largely unfazed,with sources indicating that the market had eased somewhat overthe past week.