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Article: Familiar territory. (Nonferrous).(nonferrous scrap prices)(Brief Article)
- Article from:
- Recycling Today
- Article date:
- September 1, 2002
CopyrightCOPYRIGHT 2002 G.I.E. Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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For nonferrous traders who like predictability and stability, 2002 is proving to be their kind of year.
Although the general drift of many nonferrous metals on the LME and COMEX markets has been upward in recent months, most metals continue to trade in a narrow range.
Many dealers are content with the stable market.
"I think processors have probably started to live with the current prices," says one processor in the Mid-Atlantic region. "They have tried to set their [buying] pricing where there are margins, and since we haven't had any wild fluctuations, we just sort of live with these prices."
Dealers hope that scrap generation will ...