London Metal Exchange - The world centre for non-ferrous metal trading London Metal Exchange - The world centre for non-ferrous metal trading London Metal Exchange - The world centre for non-ferrous metal trading
contact us
London Metal Exchange - The world centre for non-ferrous metal trading
Site map
London Metal Exchange - The world centre for non-ferrous metal trading
Your questions
London Metal Exchange - The world centre for non-ferrous metal trading
Browse our site
ABOUT THE LME
LME SERVICES
NON-FERROUS METALS
MINOR METALS

STEEL
Why steel?
Why LME?
Hedging benefits
Brand registration
Latest price
Price graphs
Trading reports
News & events

Contract specification
Committee
Ring trading times
PLASTICS
MARKET DATA
EDUCATION
MEDIA & EVENTS
ONLINE STORE
Print this page
 
Page header

Steel billet contract specificiations

Trading specifications

Delivery dates Daily from cash to 3 months (first prompt date two working days from cash) . Then every Wednesday from 3 months to 6 months. Then every third Wednesday from 7 months out to 15 months
Quotation US dollars per tonne
Clearable currencies  US dollars
Minimum Price Movement

Ring - Outright $0.50, Carries $0.01
LMEselect - Outright $0.10, Carries $0.01
Inter-office  - Outright/Carries $0.01

Physical specifications

Billet specifications according to:
  • GOST 380-94 Grade 5sp/ps (3805sp)
  • GOST 380-94 Grade 3sp/ps (3803sp)
  • GOST 380-05 5ps (3805P)
  • GOST 380-05 3ps (3803P)
  • GOST 380-05 5sp (3803S)
  • GOST 380-05 3sp (3803S)
  • GB 20MnSi
  • GB Q235
  • ASTM A615/A, 615M-07 Grade 60 (A61560)
  • BS4449: 2005 (BS4449)

Shapes:

  • 100S - 100mm x 100mm x (5,800mm – 6,000mm)
  • 100L - 100mm x 100mm x (11,700mm – 12,000mm)
  • 120S - 120mm x 120mm x (5,800mm – 6,000mm)
  • 120L - 120mm x 120mm x (11,700mm – 12,000mm)
  • 125S - 125mm x 125mm x (5,800mm – 6,000mm)
  • 125L - 125mm x 125mm x (11,700mm – 12,000mm)
  • 130S - 130mm x 130mm x (5,800mm – 6,000mm)
  • 130L - 130mm x 130mm x (11,700mm – 12,000mm)
  • 140S - 140mm x 140mm x (5,800mm – 6,000mm)
  • 140L - 140mm x 140mm x (11,700mm – 12,000mm)
  • 150S - 150mm x 150mm x (5,800mm – 6,000mm)
  • 150L - 150mm x 150mm x (11,700mm – 12,000mm)

Lengths:

  • 5,800mm - 6,000mm (+/-100mm)
  • 11,700mm - 12,000mm (+/-100mm)

Each lot shall be made up from one shape and specification only.

Brands:
All Steel Billets delivered must be from the production of those Brands named in the LME-approved list.

Lot size:
Warrant lot sizes: 65 metric tonnes (+/- 3.5%).

Delivery locations

The LME has approved storage facilities globally for delivery against the steel billet contracts.

Material Specifications
Title of document - 100KB Steel Billet Contract Specifications

DOWNLOAD ( PDF KB )
Steel Billet Guidance Notes
Title of document - 100KB Steel Billet Guidance Notes
Registration of steel billet production - guidance notes for applicants
DOWNLOAD ( PDF KB )
 
Search this site
Legal disclaimer  Terms & Conditions  Contact us  Glossary Your questions  Site map
London Metal Exchange
©The London Metal Exchange Limited 2003 - 2010, All rights reserved.
56 Leadenhall Street, London, EC3A 2DX, UK

Tel: +44 (0)20 7264 5555  Fax: +44 (0)20 7680 0505