Ferrous metals | London Metal Exchange

Ferrous Closing Prices

Useful information

With the physical market at the centre of what we do, we have a long-standing and close relationship with the steel and steel raw material industries. The LME offers seven cash-settled ferrous futures contracts which have been designed in close consultation with the steel community to meet their risk management needs. All our ferrous contracts are tradable on LMEselect and via the inter-office market out to 15 months.

Concentrating liquidity in a relatively brief session can help tightening the bid-offer, increasing order book depth, and improve price discovery. For these reasons, together with members and other market participants, the LME has identified the following 30-minute liquidity windows:

14.00 - 14.30 London time for LME Steel HRC FOB China (Argus) - download a diary reminder

16.00 - 16.30 London time for LME Steel Scrap CFR Turkey (Platts) - download a diary reminder

Where: LMEselect

Frequency: every business day

Proudly sponsored by the LME, the ISTA Steel Derivatives Trader and ISTA Steel Derivatives Broker Awards highlight the growing role of the steel futures market and recognise outstanding performance in steel derivatives trading.

Congratulations to the 2025 winners, Jonathan and Mark, who each receive a complimentary conference ticket, courtesy of SteelOrbis, to attend the SteelOrbis Spring 2026 Conference & 94th IREPAS Meeting, and travel and hotel costs covered by the London Metal Exchange.

	ISTA Steel Derivatives Trader Award	ISTA Steel Derivatives Broker Award
2025	Jonathan Fish, Comet Trading	Mark Curcio, StoneX Read the interview
2024	Roland Gavin, Anglo American Read the interview	Henry Herbert, GFI Group Read the interview
2023	Gintas Kryzius, Stemcor Read the interview	Not applicable in 2023