LME aims to double CFR Turkey ferrous scrap futures traded volumes in 2023

The London Metal Exchange is aiming to reach 10 million mt of ferrous scrap CFR Turkey futures traded volumes and 2.5 million mt of FOB Turkey steel rebars futures traded volumes in 2023, Alberto Xodo, LME’s vice president-sales, said Oct. 27 during the LME Focus Day event. The two contracts have gained momentum on high volatility in the physical market…

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