As part of our drive to expand the suite of ferrous products on offer to our customers, we have introduced two new ferrous contracts, LME Steel Rebar and LME Steel Scrap. These cash-settled futures are designed to meet the needs of the metal community for new risk management tools.
The LME has a long-standing, close relationship with the steel and steel input industries. Our new contracts have been developed in response to market demand and in close consultation with steel producers and consumers. These contracts complete the production value chain for long steel - from inputs (LME Steel Scrap) to finished products (LME Steel Rebar).
For the first time, the global steel industry can take advantage of a 15-month tradable forward curve for both steel scrap and rebar, which facilitates effective hedging of physical business across the value chain.
Access the contracts
Market making programmes for LME Steel Rebar and LME Steel Scrap
We have introduced a market making programme to support the launch of our two new ferrous contracts. The programme forms part of our initiatives to enhance participation and liquidity on the LME.
Contact the team
Please contact us by email if you have any questions