LME rebar volumes increase on week, futures contracts in backwardation

Rebar futures volumes traded on the LME increased in the week to Aug. 15, as market participants reported recent billet imports giving mills more room to soften export rebar offers in physical market. Weekly LME rebar futures trading volumes rose to 4,240 metric tons, from 2,060 metric tons in the previous week. Contract month Platts assessed LME rebar forward curve…Rebar futures volumes traded on the LME increased in the week to Aug. 15, as market participants reported recent billet imports giving mills more room to soften export rebar offers in physical market. Weekly LME rebar futures trading volumes rose to 4,240 metric tons, from 2,060 metric tons in the previous week. Contract month Platts assessed LME rebar forward curve…Read More