Familiar territory. (Nonferrous).(nonferrous scrap prices)(Brief Article)

Recycling Today | September 1, 2002 | Copyright

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 ...

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