LME to launch contract based on SHFE steel price to expand international access

18th June, 2026

Aravind Bulusu

The new London Metal Exchange (LME) Steel Hot-Rolled Coil (HRC) Shanghai contract will be cash-settled against the Shanghai Futures Exchange (SHFE) flat steel monthly US dollar price.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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