Near-term scrap and rebar futures contracts on the London Metal Exchange jumped in the week to March 3, while the trading volumes also increased sharply on week. S&P Global Commodity Insights assessed the March contract up $100.50/mt to $605/mt on March 3. The April contract jumped $160/mt to $665/mt, while the May contract gained $121.50/mt to $630/mt. The contango structure…
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