Average Operating Rate At Copper Rod Makers Using Copper Scrap Estimated At 47.3% In June
- Jun 26, 2023, at 2:05 pm
Operating rates in June are expected to stand at 47.3%, up 2.46 percentage points month on month and 4.06 percentage points year on year. Entering June, positive macro sentiment bolstered copper prices, prompting copper scrap suppliers to sell cargoes at highs. As such, copper scrap supply has increased in June.