LME suspends physically settled steel billet contract, retains scrap, rebar

The London Metal Exchange has suspended its physically-settled steel billet contract with immediate effect but will retain its cash-settled ferrous contracts, the LME said.

The London Metal Exchange has suspended its physically-settled steel billet contract with immediate effect but will retain its cash-settled ferrous contracts, the LME said. The steel billet contract, which was launched on April 28, 2008, has experienced an extended period without trading activity. A number of changes to the contract have been made since its launch, but it has...

Published

Andrea Hotter

April 10, 2017

19:14 GMT

New York