weekly futures wrap: scrap and rebar outlooks turn more bearish

摘要

London—Scrap and rebar futures on the London Metal Exchange saw further losses this week as steel sentiment in the Turkish market soured and price support remained evasive. Futures contracts for scrap and rebar experienced substantial declines on sales reports in the physical market at $270/ mt from the US and market chatter about concluded rebar sales below $440/mt FOB.