Liquidity grows in nascent scrap swaps trade

摘要

Liquidity, particularly in the nearby months, is beginning to increase in the nascent trading of ferrous scrap swaps, market participantstold Steel Business Briefing on Tuesday. June-August traded at $420/tonne CFR Turkey yesterday, basis The Steel Index and clearedby LCH for 1,000 tonnes/month. The trade was brokered by GFI between a trader and a financial player.