Steel billet contract specificiations

Steel contracts to go global

Trading specifications

Each regional contract is traded in an identical manner on the exchange.

Delivery dates	Daily from cash to 3 months (first prompt date two working days from cash) . Then every Wednesday from 3 months to 6 months. Then every third Wednesday from 7 months out to 15 months
Quotation	US dollars per tonne
Clearable currencies	US dollars
Minimum Price Movement	Ring - Outright $0.50, Carries $0.01 LMEselect - Outright $0.10, Carries $0.01 Inter-office  - Outright/Carries $0.01

Physical specifications

Check the specifications for each region:

• Far East
• Mediterranean

All Steel Billets placed on warrant must be from the production of those Brands named in the LME-approved list.

Delivery locations

• Tekirdag and Marmara, Turkey
• Dubai, United Arab Emirates
• Rotterdam, The Netherlands
• Antwerp, Belgium
• Incheon, South Korea
• Johor, Malaysia