Ferrous metals

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.

Liquidity windows

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)


  • 14.30 - 15.00 Hong Kong time
  • 14.30 - 15.00 London time

Where: LMEselect

Ferrous LP Programme

The Ferrous Liquidity Provider (LP) Programme announced in Notice 21/075 contracts commences on 1 May 2021.