Scrap futures stagnant as market shows little interest
Nov 14, 2013 | 10:20 AM
| Lisa Gordon
PITTSBURGH The scrap futures market registered no trading activity for a third consecutive month, with the recent inflation of prices unable to draw potential players off the sidelines.
Trading volumes for CME Group Inc.s U.S. Midwest No. 1 busheling ferrous scrap futures contract remained at zero in October. The contract is based on AMMs Midwest Ferrous Scrap Index for No. 1 busheling, which settles on the 10th of each month. The....
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