Scrap futures deserving of open-minded study

Mar 26, 2013 | 07:00 PM | John Ambrosia

Tags  CME Group Inc., ferrous scrap futures, ferrous scrap prices, ferrous scrap, AMM Comment, John Ambrosia

It is understandable that players in the scrap sector have approached CME Group Inc.’s new ferrous scrap futures contracts with a certain level of skepticism.

After all, people in the scrap world have been discussing, studying and arguing over the concept of ferrous scrap futures for at least a decade, and now that such instruments are actually a reality it has renewed the talks in the most serious way possible.....





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