Weekly futures wrap: LME scrap volumes hit three-month high

摘要

Scrap futures on the London Metal Exchange saw surprisingly robust volumes last week -touching a three-month high - while rebar futures trading was sluggish.Despite typical summer sluggishness in both the physical and paper steel markets, theLME's scrap contracts - settled basis S&P Global Platts' HMS 1/2 (80:20) Turkey scrapassessment - saw 154,730 mt traded, with over 100,000 mt done on Wednesday alone.