Scrap futures interest rises in January

Feb 04, 2013 | 01:10 PM | Lisa Gordon

Tags  busheling, Midwest No. 1 busheling ferrous scrap futures contract, CME, ferrous scrap prices, ferrous scrap, Lisa Gordon

PITTSBURGH — The scrap futures market last month showed its strongest performance since its launch as bearish sentiment and increased interest from new speculators brought new contracts.

CME Group Inc.’s U.S. Midwest No. 1 busheling ferrous scrap futures contracts totaled 5,340 gross tons in January, putting the total since its September debut at 15,460 tons.....





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