Most near-term scrap futures contracts on the London Metal Exchange fell over the week to March 17, while trading volumes also decreased. S&P Global Commodity Insights’ Platts assessed the March contract down $25/mt to $624.50/mt on March 17, while the April contract gained $2.50/mt to $637.50/mt. May lost $29.50/mt to $620/mt, while June contract dropped $25.50/mt to $599.50/mt. The backwardated…
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