The price of the three-month contract traded for Mediterranean billet on the London Metal Exchange reached $620/tonne on 29 March. That was accounted a new high record for the last eighteen-month. Meanwhile, the cash contract also hiked $595/t.
A trader told that the higher prices reflect movements in the physical market and a higher price of raw material. In addition, the volume of trading on the London Metal Exchange also reached the new record of 693,030 tonnes traded in March
