FUTURES WRAP: LME scrap contracts fall heavily, trading volumes increase

Near term scrap futures contracts on the London Metal Exchange saw heavy declines over the week to June 16, while the trading volumes increased week on week. Platts, part o S&P Global Commodity Insights, assessed the June contract down $31/mt over the week to $388.50/mt on June 16, while the July contract fell $51.25/mt to $365/mt. The August contract fell…