LME Steel Rebar
LME CLOSING PRICEs, US$ PER TONNE
| Contract | Price |
|---|---|
| Month 1 | 480.00 |
| Month 2 | 479.00 |
| Month 3 | 476.00 |
| Month 6 | 475.00 |
| Month 12 | 470.00 |
| Month 15 | 470.00 |
LME CLOSING PRICES CURVE
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HISTORICAL PRICE GRAPH
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Contract specifications
LME Steel Rebar
| Contract code | SR | ||
| Contract type | Futures | ||
| Deliver type | Cash settled | ||
| Lot size | 10 tonnes | ||
| Contract period |
Monthly out to 15 months | ||
| Price quotation | US dollars per tonne | ||
| Clearable currency | US dollars | ||
| Minimum price fluctuation (tick size) per tonne |
|
Outright | Carries |
| LMEselect | $0.50 | $0.01 | |
| Inter-office | $0.01 | $0.01 | |
| Termination of trading | Last business day of the contract month until 16:30 London time | ||
| Daily settlement procedure | LME Market Operations will calculate daily settlement values based on its published procedure | ||
| Final settlement procedure 1 | Final settlement, following termination of the trading for a contract month, will be based on the Monthly Average Index Price of the "Platts Steel Rebar FOB Turkey" assessment, which is available from the 16:30 on the last trading day | ||
| Trading venues | LMEselect and inter-office telephone | ||
| Trading hours | LMEselect | 01:00 - 19:00 London time | |
| Inter-office | 24 hours a day | ||
| Margining | Realised variation margins applied | ||
This is a summary of the contract specifications. For full contract specification details, please refer to the LME Rulebook and for other information, please refer to our disclaimer page.
Note that all contracts are subject to the LME’s rules and regulations and LME Clear span margining.
1In certain circumstances, the cash-settled futures Index that is used as the Final Settlement Price for this cash-settled future may be known before the last trading date/time. In these circumstances, it will be possible for market participants to enter bids and offers, and to trade, in this cash-settled future on LMEselect and in the inter-office market on the basis of a known price. The Exchange shall not accept any liability for any losses that a market participant may incur as a result of trading activity conducted in these circumstances.
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