Ferrous scrap futures attract modest interest

Jan 28, 2013 | 01:03 PM | Lisa Gordon

Tags  busheling, Midwest No. 1 Busheling Ferrous Scrap Futures contract, CME, scrap prices, Lisa Gordon

PITTSBURGH — The scrap futures market continues its sluggish growth pace, but volumes traded so far in January have already outpaced those in December.
CME Group Inc.’s U.S. Midwest No. 1 busheling ferrous scrap futures contract still lacks interest on the buy and sell side, according to a broker at a New York financial institution that is active in an array of futures contracts.....

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