LME scrap volumes increase on week; rebar forward curve in contango structure

Volumes traded for the scrap futures contracts on the London Metal Exchange, which settle basis the Platts assessment, increased on the week. Weekly LME scrap futures trading volumes in the week to Sept. 19 increased to 194,970 metric tons, up from 124,570 metric tons in the week to Sept.12. Spot prices for physical imports of premium heavy melting scrap 1/2…Volumes traded for the scrap futures contracts on the London Metal Exchange, which settle basis the Platts assessment, increased on the week. Weekly LME scrap futures trading volumes in the week to Sept. 19 increased to 194,970 metric tons, up from 124,570 metric tons in the week to Sept.12. Spot prices for physical imports of premium heavy melting scrap 1/2…Read More