18
Mar
00:00
LME plans to add new ferrous futures contracts in October
The London Metal Exchange (LME) announced earlier this month that it plans to launch new cash-settled contracts for European rebar and ferrous scrap on 26 October 2015. Currently, the exchange’s steel billet contracts are physically settled.
The LME has outlined its proposals for the new contracts, where lot size would be 100 tonnes, quoted in US dollars/t, with monthly futures contracts going out to 15 months. Trading can be either electronic …
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Anonymous
Very good overview of the weekly steel market.
Anonymous