Exchange won protracted battle over warehousing with Rusal in December
The London Metal Exchange (LME) has said
it plans to launch cash-settled ferrous metals products
including scrap and rebar contracts in the second-half of
The exchange said it will adopt a
staggered approach to the launch of the new products, starting
with the promotion of the existing physically-delivered billet
LME will then launch cash-settled scrap
and rebar contracts, according to a spokeswoman for the metals
"We may then consider expanding our
ferrous suite to include other cash-settled contracts such as
iron ore, coking coal and stainless steel. We anticipate the
launch of our scrap and rebar contracts later this year," said
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