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02/03/2010
Global Steel Contract available on London Metal Exchange from 28th July, 2010
The London Metal Exchange will merge its existing Mediterranean (FM) and Far Eastern (FF) contracts in steel billet on 28th July, 2010, creating a global steel billet futures contract.
READ MORE 01/03/2010
Trading in steel futures surges on the London Metal Exchange to record volumes and open interest
Trading in steel futures on the London Metal Exchange reached record levels last week with volumes and market open interest growing substantially.
READ MORE 14/12/2009
LME announces intention to launch first physically-delivered global steel futures contract
The LME today announces its intention to create the world’s first global steel futures contract through merging its existing Mediterranean and Far East contracts.
READ MORE 20/08/2009
Landmark $1billion USD of LME steel billet futures traded by industry since launch last year
London – The London Metal Exchange (LME) announces that $1 billion USD in steel billet has been traded on the Exchange by industry since the contract was introduced in February 2008.
READ MORE 24/07/2009
LME expands steel contract with Rotterdam storage location
Move will benefit European billet producers, traders and major scrap merchants in Western European looking to hedge
READ MORE 23/07/2009
LME passes 2 million tonnes of steel billet trading
The London Metal Exchange (LME) has traded a total of over 2 million tonnes of steel billet 15 months after the contract was introduced on the LME Ring.
READ MORE 07/07/2009
LME announces H1 steel billet contract volumes
12,284 lots traded in first half of 2009 representing 798,460 tonnes
READ MORE 24/04/2009
LME Steel Billet First Anniversary
The first full year of steel trading on the London Metal Exchange has been very successful, according to Martin Abbott, chief executive of the exchange.
READ MORE 17/03/2009
LME Steel Billet Contracts Gain Momentum
Members of the London Metal Exchange steel committee met for the first time on March 16 and reviewed progress made in the LME billet contracts.
READ MORE 17/12/2008
LME steel billet contracts turnover one million tonnes
The London Metal Exchange (LME), the world’s premier metals and industrial materials market has reached a turnover equivalent to one million tonnes for its steel billet contracts.
READ MORE 28/08/2008
London Metal Exchange steel contracts reach double milestone
The LME steel billet contracts have reached a double milestone with a turnover exceeding quarter of a billion USD ($250m), and over 260,000 metric tonnes or 4,000 lots traded.
READ MORE 24/07/2008
LME commences steel billet spot trading
The London Metal Exchange has today commenced spot or cash trading, marking the end of the launch period, for both the Mediterranean (FM) and Far East (FF) LME steel billet futures contracts.
READ MORE 28/04/2008
London Metal Exchange launch steel futures trading
Trading in steel futures commenced on the London Metal Exchange Ring today
READ MORE 25/02/2008
Steel Billet Trading Commences on the LME
Trading in two steel billet futures contracts; Mediterranean and Far East, commenced today on the London Metal Exchange (LME).
READ MORE 06/02/2008
LME Launches Online Steel Hedging Simulator
The London Metal Exchange (LME) has today launched its own online steel hedging simulator.
READ MORE 29/11/2007
LME Announces Additional Grades for Steel Billet Contracts
The London Metal Exchange (LME) has today confirmed the addition of new grades and shapes to its steel billet contracts
READ MORE 10/09/2007
LME confirms 28 April 2008 as launch date for steel billet futures contracts
The London Metal Exchange (LME) has today confirmed that the two regional steel billet contracts will commence trading on Monday 28 April 2008. The contracts cover two regions: Mediterranean and Far East.
READ MORE 12/06/2007
LME announces two regional, physically-delivered steel billet futures contracts
The London Metal Exchange has today confirmed that it will commence futures trading in steel billet in April 2008. There will be two regional contracts, one for the Near East and one for the Far East.
READ MORE
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Platts Steel Markets Daily editor David Beattie spoke to London Metal Exchange steel business manager Lotta Ulfsdotter about the steel futures trading since the launch of Ring trading on 28 April 2008. The interview includes commentary on industry reaction to the new contracts and their participation in the market.
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Lotta Ulfsdotter, Steel Market Executive at LME spoke to Francis Browne, Steel Market Editor at Platts about the pending launch of steel billet contracts in April 2008.
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