The LME cash-settled ferrous contracts were designed in close consultation with the steel community to meet their risk-management needs.
All our ferrous contracts are underpinned by leading and carefully selected index providers, and are tradable on LMEselect and via the inter-office market out to 15 months.
Following market feedback, the LME understands that Members and other market participants interested in trading the LME ferrous contracts would find it useful to have regularly scheduled periods during LMEselect’s standard operating hours during which they could focus their trading activities.
These periods have been identified to further support the coalescence of liquidity. Details as follows:
Frequency: every day (where these days are LME business days)
The Ferrous Electronic Quoting (EQ) Programme announced in Notice 20/093 contracts commenced on 15 April 2020.