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Three-month LME steel billet contract records surge in interest

July 01, 2011 - 14:09 GMT Location: London

The London Metal Exchange’s (LME) three-month steel billet contract witnessed a surge in interest on Thursday that carried through into Friday trading, market participants said.

The official spread jumped up to $565/571 per tonne on Friday, up from levels of $555/560 earlier on Thursday. Activity was confined to the inter-office market, with 1,446 lots traded either...

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