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Steel billet Ring trading times

First Session

 1st Ring 11:40 – 11:45
 2nd Ring (Official) 13:05 – 13:10
 Kerb Trading* 13:20 – 14:45

Second Session

 1st Ring                  15:30 – 15:35
 Kerb Trading 16:15 – 16:40

*Approximate start time for kerb following declaration of the official prices at the end of each metal's morning ring 2.

A full list of ring trading times including all metals and plastics contracts is also available.

Steel is also traded on LME's two other trading platforms LMEselect and the Inter-office telephone market.

 

Steel contracts to go global

During 2010 the LME will begin trading a single global steel billet futures contract. The existing regional steel contracts will be merged to provide a global futures price for steel billet. Trading and physical specificiations for the global contract will mirror the existing regional contracts.

 
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