LME scrap, rebar forward curves flatten out on uncertainty

摘要

London—The scrap forward curve on the London Metal Exchange moved into a stronger near-term contango over the week to Thursday, but uncertainty on price direction meant overall rebar and scrap forward curves remained largely flat. March LME scrap contracts fell $4/mt over the week [to Thursday] at $274.50/mt, while April contracts increased modestly $1.50/mt to $281/mt.