Deutsche Bank trades first Black Sea billet swap

May 04, 2012 | 12:08 PM |

The first cleared trade was completed on the Black Sea steel billet swaps market this week, with international investment bank Deutsche Bank on one side of the deal, a source at the bank confirmed to Metal Bulletin on Friday May 4.
The trade was concluded on Wednesday May 2 and was a spread between third and fourth quarter 2012 contracts for 1,000 tonnes per month. ....

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