Near term scrap futures contracts on the London Metal Exchange saw strong losses over the week to July 28, while trading volumes increased. Platts assessed the July contract down $1/mt to $395.50/mt, S&P Global Commodity Insights data showed. The August contract fell $20.50/mt week on week to $350/mt, while the September contract fell $28.50/mt to $344.50/mt. The October contract fell…