LME Steel Billet, London Metal Exchange futures provide the ferrous industry with transparent pricing and risk management tools to deal with market volatility within a regulated exchange environment. The LME is the world’s premier metal exchange. Prices derived form trading on the exchange are used as reference prices in the majority of the world’s physical metal markets. For more than 135 years the LME has enabled its members and their clients to manage the impact of price volatility in non-ferrous markets and extend these same opportunities to the steel industry.
Steel Rebar is mostly traded on the Shanghai Futures Exchange and London Metal Exchange. The standard future contract is 10 tons. Steel is one of the world’s most important materials used in construction, cars and all sorts of machines and appliances. By far the biggest producer of crude steel is China, followed by European Union, Japan, United States, India, Russia and South Korea. The steel prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our steel prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. (Yuan/MT)