LME Launches 3 New Steel Futures Contracts
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LME Launches 3 New Steel Futures Contracts

London Metal Exchange has launched six new cash-settled futures contracts, including for scrap & HRC. New cash-settled futures trade

London Metal Exchange has launched six new cash-settled futures contracts, including for scrap & HRC. New cash-settled futures trade monthly out to 15 months and priced in USD. LME Chief Sustainability Officer Georgina Hallett said “We are really pleased to be delivering an important element of our sustainability strategy, which positions transparency and access as the core components for making metals the cornerstone of a sustainable future. Our lithium and scrap contracts are the product of valuable engagement with the metals and mining industry, our members and core users, as we all seek to best support the growth of the circular and low carbon economies.”

Steel HRC NW Europe (Argus) - CSHNc1=LX

Steel Scrap CFR Taiwan (Argus) - CSSTc1=LX

Steel Scrap CFR India (S&P Global Platts) - CSSIc1=LX

LME CLOSING PRICES - Steel Scrap CFR India - Data valid for 19 July 2021

⦁ Month 1 - 489.50 USD per tonne

⦁ Month 2 - 493.50 USD per tonne

⦁ Month 3 - 494.50 USD per tonne

⦁ Month 6 - 493.00 USD per tonne

⦁ Month 12 - 459.50 USD per tonne

⦁ Month 15 - 451.50 USD per tonne

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