Near-term scrap futures contracts on the London Metal Exchange fell sharply in the week to April 7, while trading volumes declined. Platts April contract, as assessed by S&P Global Commodity Insights, was down $8.75/mt at $636.50/mt on April 7. The May contract fell $30.75/mt to $609.50/mt, while the June contract fell $35/mt to $599.50/mt. The backwardated structure over the April-June…
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