EUROPEAN STEEL HRC – ENGAGING WITH THE INDUSTRY

We are exploring launching a futures contract for the European steel HRC market and are seeking feedback from industry participants.

Direct engagement with the physical industry is extremely important for the successful launch of our products. As such, we welcome your views on the following key areas:

  • Do you include any index price references in pricing formulas to determine the value of contracts? If yes, which ones do you refer to?
  • Do you take into consideration any index prices in the negotiation of spot trades? If yes, which ones?
  • Which index prices do you consider more reflective of the underlying physical market?
  • Do you subscribe to any price reporting agency?
  • Are you interested in managing steel price risk, for example, using futures to be able to fix the price of long term contracts?

We would also be more than happy to schedule calls or meetings with all interested companies to discuss in more detail our plans in the ferrous space and the benefits of managing the price risk of steel.

Please send your comments to the LME Ferrous team.

Contact us

For further information please email our Ferrous team.