#2 insulated wire

So.....we all know why steel prices have taken a dive, but why copper? I know that when it was around $4 a pound, they attributed the high prices to a low supply of copper from the South American mines; especially in Chile. Is there a large supply of copper now, or not as much demand......or both? I'm about to take in 400lbs, and was hoping for a better price. I just keep dreaming about those $3-$4 a pound days. It appears that's about all it's going to be for a while......a dream. Any insight?

Originally Posted by scrappinlife

So.....we all know why steel prices have taken a dive, but why copper? I know that when it was around $4 a pound, they attributed the high prices to a low supply of copper from the South American mines; especially in Chile. Is there a large supply of copper now, or not as much demand......or both? I'm about to take in 400lbs, and was hoping for a better price. I just keep dreaming about those $3-$4 a pound days. It appears that's about all it's going to be for a while......a dream. Any insight?

what do you think they make out of Shred feed??? it's not HY80 & HY120
it's rebar if there is little call for rebar to make buildings, there is also little call for copper to wire the buildings, to build transformers to step down the power Etc.
aluminum is holding pretty well because it has so many none construction uses, it slipped some just because the speculators know it can . people after the mill are making the money, not the scrap yards

V/r HT1