LME Steel Rebar
Data valid for 21 September 2018
LME CLOSING PRICEs, US$ PER TONNE
| Contract | Price |
|---|---|
| Month 1 | 509.00 |
| Month 2 | 506.50 |
| Month 3 | 502.50 |
| Month 6 | 493.50 |
| Month 12 | 493.50 |
| Month 15 | 493.00 |
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 | 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.
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For further information please email our Ferrous team.