Near-term scrap futures contracts on the London Metal Exchange saw losses over the week to May 19, while trading volumes also decreased dropped. Platts, part of S&P Global Commodity Insights, assessed the May contract down $2/mt on the week at $480.50/mt May 19. The June contract fell $18.50/mt to $451/mt, July lost $9/mt to $455/mt, and August dropped $13.50/mt to…