Exchange plans a second-half 2015 launch for new ferrous contracts
The London Metal Exchange (LME) has said
it will launch its aluminium premium and steel contracts on
October 26 2015 as it released clarifications on its Linked
Load-in / Load-out (LILO) rule and revised a number of review
The exchange said Monday that in the
interest of "efficient connectivity testing," it will launch
its suite of steel contracts in tandem with the aluminium
premium contract launch.
"European cash-settled rebar and scrap
will be added to the existing physically settled billet
contract. Since the re-regionalisation of LME Steel Billet and
the introduction of a separate steel load-out rate, the
contract has shown stronger price convergence," said the
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