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12/01/2012
LME volumes surge to new record in 2011
The London Metal Exchange (LME) announced new records for volume and value of trading in 2011, strengthening its position as the world’s premier metals exchange.
READ MORE 14/12/2011
LME creates new access to steel billet prices
The LME Steel Billet prices will be available for all subscribers to LME market data from 1 January 2012 in response to industry requests for reliable and transparent daily steel pricing.
READ MORE 09/12/2011
Record year for LME Steel Billet
The London Metal Exchange (LME) Steel Billet contract has grown substantially in 2011 with record volumes, new location and brand listings, and industry recognition at the American Metal Market’s (AMM) Awards for Steel Excellence.
READ MORE 06/10/2011
LME to visit China for education tour
The LME is to visit four Chinese cities from 21-30 November 2011 as part of an educational tour of the country
READ MORE 14/07/2011
First LME Steel Billet delivery into New Orleans
The London Metal Exchange has received the first delivery of steel into New Orleans with the
warranting of 3,315 tonnes.
READ MORE 23/06/2011
LME wins major US steel award
The LME Steel Billet contract has won a prestigious annual award for innovation at the AMM Awards for Steel Excellence.
READ MORE 17/06/2011
LME expands steel delivery to Italy
The London Metal Exchange (LME) has approved Ravenna as the latest point of good delivery for LME Steel Billet, with effect from 16 September 2011.
READ MORE 06/04/2011
LME Steel Billet trading up 305 per cent in Q1
Trading in steel billet at the London Metal Exchange has rocketed in the first quarter of 2011, up 305 per cent compared with the corresponding period last year.
READ MORE 27/01/2011
First LME steel delivered into new US storage facilities in Chicago
325 tonnes delivered into Chicago
READ MORE 17/11/2010
LME steel billet hits 10 million tonnes of trading in a calendar year for the first time
10 million tonnes of steel have been traded at the London Metal Exchange (LME) year-to-date in 2010 (equivalent to 153,977 lots), the first time this milestone has been reached in a single calendar year.
READ MORE 21/10/2010
London Metal Exchange receives application to list first US steel billet brand
The London Metal Exchange (LME) has received the first application to register a US brand for delivery against its steel contract, LME Steel Billet.
READ MORE 01/10/2010
Record steel trading at the London Metal Exchange for seventh consecutive month
27,788 lots traded in September - equivalent to 1.8 million tonnes
READ MORE 01/09/2010
First full month of trading in single steel billet contract sets new record at the London Metal Exchange
Trading in steel futures on the London Metal Exchange (LME) hit another record level in August, with 24,853 lots traded, equivalent to more than 1.6 million tonnes of material.
READ MORE 17/08/2010
London Metal Exchange approves Chicago and Detroit as delivery points for steel billet
New delivery locations will further facilitate the use of LME steel billet contract by the US steel industry
READ MORE 03/08/2010
July record confirms growing momentum of steel futures trading at the London Metal Exchange
Monthly trading achieves new record for the fifth consecutive month - 18,906 lots traded.
READ MORE 28/07/2010
London Metal Exchange creates single steel billet contract for global industry
The London Metal Exchange (LME) announces that it has today completed the merger of its Mediterranean and Far East steel billet contracts into a single, global contract.
READ MORE 05/07/2010
Record month of steel futures trading in June at the London Metal Exchange
Monthly trading achieves new record for the fourth consecutive month. Latest surge coincides with addition of New Orleans as delivery location for LME steel
READ MORE 22/06/2010
London Metal Exchange announces intention to list first US steel delivery location in New Orleans
The London Metal Exchange (LME) today announced its intention to list New Orleans as the first US delivery location for steel billet, bringing the benefits of price transparency and risk management to the long steel industry in the US for the first time.
READ MORE 01/06/2010
Record month of steel futures trading in May at the London Metal Exchange
Trading in steel futures on the London Metal Exchange (LME) hit another record level in May, with 13,788 lots traded of its Mediterranean steel billet contract, representing 896,220 tonnes (notional value = $415m).
READ MORE 28/04/2010
Steel trading surges on the London Metal Exchange
Trading in steel futures on the London Metal Exchange reached a new record yesterday, with 1,514 lots of the Exchange’s Mediterranean contract traded, equivalent to 98,410 tonnes and with a value of $47.5million.
READ MORE 01/04/2010
Record month of steel futures trading in March at the London Metal Exchange
Trading in steel futures on the London Metal Exchange (LME) achieved record levels in March, with 10,662 lots traded.
READ MORE 02/03/2010
Global Steel Contract available on London Metal Exchange from 28th July, 2010
The London Metal Exchange will merge its existing Mediterranean (FM) and Far Eastern (FF) contracts in steel billet on 28th July, 2010, creating a global steel billet futures contract.
READ MORE 01/03/2010
Trading in steel futures surges on the London Metal Exchange to record volumes and open interest
Trading in steel futures on the London Metal Exchange reached record levels last week with volumes and market open interest growing substantially.
READ MORE 14/12/2009
LME announces intention to launch first physically-delivered global steel futures contract
The LME today announces its intention to create the world’s first global steel futures contract through merging its existing Mediterranean and Far East contracts.
READ MORE 20/08/2009
Landmark $1billion USD of LME steel billet futures traded by industry since launch last year
London – The London Metal Exchange (LME) announces that $1 billion USD in steel billet has been traded on the Exchange by industry since the contract was introduced in February 2008.
READ MORE 24/07/2009
LME expands steel contract with Rotterdam storage location
Move will benefit European billet producers, traders and major scrap merchants in Western European looking to hedge
READ MORE 23/07/2009
LME passes 2 million tonnes of steel billet trading
The London Metal Exchange (LME) has traded a total of over 2 million tonnes of steel billet 15 months after the contract was introduced on the LME Ring.
READ MORE 07/07/2009
LME announces H1 steel billet contract volumes
12,284 lots traded in first half of 2009 representing 798,460 tonnes
READ MORE 24/04/2009
LME Steel Billet First Anniversary
The first full year of steel trading on the London Metal Exchange has been very successful, according to Martin Abbott, chief executive of the exchange.
READ MORE 17/03/2009
LME Steel Billet Contracts Gain Momentum
Members of the London Metal Exchange steel committee met for the first time on March 16 and reviewed progress made in the LME billet contracts.
READ MORE 17/12/2008
LME steel billet contracts turnover one million tonnes
The London Metal Exchange (LME), the world’s premier metals and industrial materials market has reached a turnover equivalent to one million tonnes for its steel billet contracts.
READ MORE 28/08/2008
London Metal Exchange steel contracts reach double milestone
The LME steel billet contracts have reached a double milestone with a turnover exceeding quarter of a billion USD ($250m), and over 260,000 metric tonnes or 4,000 lots traded.
READ MORE 24/07/2008
LME commences steel billet spot trading
The London Metal Exchange has today commenced spot or cash trading, marking the end of the launch period, for both the Mediterranean (FM) and Far East (FF) LME steel billet futures contracts.
READ MORE 28/04/2008
London Metal Exchange launch steel futures trading
Trading in steel futures commenced on the London Metal Exchange Ring today
READ MORE 25/02/2008
Steel Billet Trading Commences on the LME
Trading in two steel billet futures contracts; Mediterranean and Far East, commenced today on the London Metal Exchange (LME).
READ MORE 06/02/2008
LME Launches Online Steel Hedging Simulator
The London Metal Exchange (LME) has today launched its own online steel hedging simulator.
READ MORE 29/11/2007
LME Announces Additional Grades for Steel Billet Contracts
The London Metal Exchange (LME) has today confirmed the addition of new grades and shapes to its steel billet contracts
READ MORE 10/09/2007
LME confirms 28 April 2008 as launch date for steel billet futures contracts
The London Metal Exchange (LME) has today confirmed that the two regional steel billet contracts will commence trading on Monday 28 April 2008. The contracts cover two regions: Mediterranean and Far East.
READ MORE 12/06/2007
LME announces two regional, physically-delivered steel billet futures contracts
The London Metal Exchange has today confirmed that it will commence futures trading in steel billet in April 2008. There will be two regional contracts, one for the Near East and one for the Far East.
READ MORE
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Platts Steel Markets Daily editor David Beattie spoke to London Metal Exchange steel business manager Lotta Ulfsdotter about the steel futures trading since the launch of Ring trading on 28 April 2008. The interview includes commentary on industry reaction to the new contracts and their participation in the market.
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Lotta Ulfsdotter, Steel Market Executive at LME spoke to Francis Browne, Steel Market Editor at Platts about the pending launch of steel billet contracts in April 2008.
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Watch how a scrap recycler uses the LME to manage risk