Prices of concluded trades for London Metal Exchange steel
billet rose by $5 per tonne on Thursday April 5 on rising scrap
The LME three-month bid/offer spread was $500/520 per tonne on
Thursday, compared with $505/515 per tonne
Thursday's cash contract's official bid/offer spread was
$485/505 per tonne on Thursday, compared with $485/495 on
No trades were recorded on the three-month and cash contract,
according to MB Connect.
On April 4 a total of 714 lots were traded, down from 424 lots
on April 3 and 490 lots on April 2., according to LME data.
In March this year the contract traded 10,934 lots, compared
with 13,137 lots traded in February.
Ferrous scrap prices for mixed HMS 1&2 (80:20) rose to $453
per tonne cfr Turkey this week, up from $445 previously
according to Turkish market sources.