Two Black Sea billet swaps contracts trade: sources

摘要

Two Black Sea billet swaps contracts traded Tuesday, according to traders and brokers. One large trader bought 1,000 mt/month for the fourth quarter at 500 dollars/mt. It also sold 500 mt at the same price for November, with at least one of the trades involving a European steel trader, one trader said. Both were brokered by GFI and cleared by CME.