Scrap futures volumes on roller coaster: data

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

Tags  scrap, scrap futures, CME, Midwest No. 1 busheling, AMM Midwest Ferrous Scrap index, lisa gordon

PITTSBURGH — The volume of scrap futures traded on the CME last month fell to the lowest level since its launch after posting its highest total the previous month.

June’s trading volume for CME Group’s U.S. Midwest No. 1 busheling ferrous scrap futures contract totaled 700 gross tons, down from 13,300 tons in May.....

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