The Hong Kong-owned London metals market launched its steel scrap and steel rebar contracts in November 2015
Launched on November 23 2015, the LME
Steel Scrap contract, along with LME Steel Rebar, is part of
the LME’s ferrous contract suite, providing
hedging and trading solutions for the steel industry.
"We are pleased to have seen LME steel
scrap and rebar volumes thrive in their first year of trading,
which we view as representative of the growing support
from our members and from the industry more widely, with
participants able to benefit from an increasingly tight
tradeable forward curve out to January 2018," said Matthew
Chamberlain, head of business development at the LME.
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