| Two regional steel billet futures contracts have been launched by the LME for the Far East and Mediterranean. Each contract has different chemical and physical specifications that have been developed to meet the price management needs of the Steel industry in that region.
Trading Specifications
Each regional contract is traded in an identical manner on the exchange.
| Delivery dates |
From the 24th July - 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
LME Select - Outright $0.10, Carries $0.01
Inter-office - Outright/Carries $0.01
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Physical Specifications
Each regional contract has individually defined physical specifications that include quality, shape and length, lot size and delivery location.
Check the specifications for each region:
All Steel Billets placed on warrant must be from the production of those Brands named in the LME-approved list.
Please note, the specifications below are subject to change.
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