The London Metal Exchange’s US hot-rolled coil forward curve saw significant gains for all but the front- month contract in the week ended Aug. 29, as the bullish market outlook pulled contract prices higher.The forward curve maintained a steep contango with a spread of over $100 between the front-month and fifteen-month contract, with all but the front-month contract above $520/st. The August-September forward curve was at a steep incline, showing a $63.50 difference between the two contracts. The August contract ended the week flat at $460.50/st, while the September contract increased by $15 to $524/st.
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