FUTURES WRAP: LME scrap contracts see big falls on week, volumes rise

Most near-term ferrous scrap futures contracts on the London Metal Exchange saw sharp falls over the week to April 28, while trading volumes increased. The April contract was up $1/mt week on week by Platts to $620.50/mt on April 28, S&P Global Commodity Insights data showed, but the May contract fell $50/mt to $540/mt while June was down $52.50/mt to…