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Offer prices for LME three-month steel billet rise on improved sentiment

January 18, 2012 - 17:03 GMT Location: London

KEYWORDS: LME , steel , longs , billet , billet prices , Select

The bid price on the London Metal Exchange’s three-month steel billet contract moved up by $10 on Wednesday January 18, although its offer price held steady.

The bid/offer spread on the day was $530/540 per tonne, compared with $520/540 on Tuesday. “Sentiment is higher, but there is no change in activity,” one trader told Metal Bulletin. The...

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