Scrap futures mart remains quiet with little Nov. activity

Dec 16, 2013 | 12:55 PM | Lisa Gordon

Tags  ferrous scrap, scrap futures, CME Group, Midwest index, No. 1 busheling, AMM Midwest Ferrous Scrap Index, scrap prices, Lisa Gordon

PITTSBURGH — The scrap futures market continues to struggle to gain momentum, with no real positions taken on the contract since July.

After posting three consecutive months of no trades, November’s trading volumes for CME Group Inc.’s U.S. Midwest No. 1 busheling ferrous scrap futures contract totaled two lots equivalent to....

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