Ferrous scrap futures slump on stable prices
Sep 11, 2013 | 02:39 PM
| Lisa Gordon
PITTSBURGH A stable raw material sector hasnt helped the scrap futures markets, which barely had a pulse last month.
Augusts trading volume for CME Groups U.S. Midwest No. 1 busheling ferrous scrap futures contract fell to zero from 2,500 gross tons in July.
"The problem is futures have not done well when prices are stable. The sentiment is relative and carries over to other commodities," a futures broker said.....
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