LME Reports Steel Billet trading up 305 per cent in Q1


In the first three months of this year, 69,426 lots were traded (2010: 17,134 lots), equivalent to 4.5 million tonnes (2010: 1.1 million tonnes). Market open interest has also jumped by 11 per cent, to 2,674 lots at the close of 31st March (31st March 2010: 2,400 lots). The total notional value of all contracts traded in the first quarter was $2.5bn.