Additional pricing information

The London Metal Exchange publishes the previous trading day’s prices on its website for each of these ferrous contracts, and historical data for the current calendar year is also available free of charge.

Real time pricing and trading information

Real time pricing including all tradable months out to contract expiry is available via LME licensed data distributors. 

Access real time pricing and trading information via our Licensed LME Data distributor network

Key reference price table

Contract name Trading venues Closing prices
LME Steel Rebar LMEselect and inter-office telephone 
Settlement prices for all 15 months published daily. Provisional approx. 16.45 and Final at 17.50 
LME Steel Scrap

Bloomberg ticker codes 

If you have a Bloomberg subscription, the codes in the table below will allow you quick access to the ferrous contracts.

Tickers are hosted in {CEM LMF}.

Contract Futures Ticker (menu page)  Futures Ticker (monthly prices)  Futures Ticker (spreads)
LME Steel Rebar JBPA Comdty JBPA Comdty CT
JBPJBP Comdty CT
LME Steel Scrap JBOA Comdty JBOA Comdty CT
JBOJBO Comdty CT

Thomson Reuters RIC codes 

If you have a Thomson Reuters subscription, the codes in the table below will allow you quick access to the ferrous contracts. 

Contract RIC Root Display Name
LME Steel Rebar SRR Steel Rb
LME Steel Scrap SSC Steel Sc
 

As an example, for the LME Steel Rebar contract, the key chains and displays to generate specific reports are:

Description RIC Code
LME Steel Rebar Composite Chain (indicative inter-office and LMEselect quotes and trades) <0#csrrf:>
LME Steel Rebar Closing Evaluations Chain <0#srr-cls>
LME Steel Rebar Composite Spreads Chain (indicative inter-office and LMEselect quotes and trades) <0#csrr-:>
LME Steel Rebar December Select Forwards Display (NB LMEselect only) <0#srrf:=lx>
LME Steel Rebar December Select Quote Display <srrz5=lx> </srrz5=lx>
LME Steel Rebar Volume Summary <srr-vol-tot></srr-vol-tot>
LME Steel Rebar Market Open Interest Summary
<0#srr-fmoi>
LME Steel Rebar Exchange Open Interest Summary
<0#srr-feoi>

Index provider for scrap and rebar

After extensive analysis and consideration, we have selected McGraw Hill Financial Inc. to license the reference index prices to The London Metal Exchange for our new cash-settled ferrous contracts. The selected index prices are TSI Turkish Imports HMS #1&2 80:20, CFR Iskenderun Port for scrap; and for rebar, Platts Rebar, FOB Turkey Port. We are confident that the benchmarks we have selected and the methodologies used are comprehensive, taking account of IOSCO standards, and are highly respected within the steel industry.

The "Platts Rebar, FOB Turkey Port Index“ and "TSI Turkish Imports HMS #1&2 80:20, CFR Iskenderun Port Index“ are products of PLATTS a division of McGraw Hill Financial, Inc. (“MHFI”), and are licensed for use by The London Metal Exchange. PLATTS and TSI are trademarks of MHFI and have been licensed for use by The London Metal Exchange. London Metal Exchange is a trademark of The London Metal Exchange. LME Steel Rebar and LME Steel Scrap are not sponsored, endorsed, sold or promoted by PLATTS, MHFI or their affiliates, and PLATTS, MHFI and their affiliates make no representation regarding LME Steel Rebar or LME Steel Scrap, nor do they have any liability for any errors or omissions in, or interruptions of, the Platts Rebar, FOB Turkey Port Index, the TSI Turkish Imports HMS #1&2 80:20, CFR Iskenderun Port Index, or the LME Steel Rebar or the LME Steel Scrap contracts.

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Contact us

For further information please email our Market Data team.