LME to launch steel futures in 2008, DGCX steel launch delayed

The physically-delivered contracts form the first part of the LME’s offering of price risk management tools to the steel industry and follow a period of extensive consultation with LME members and those involved in the physical steel industry. More LME steel contracts are expected to follow, according to the exchange’s chief executive Martin Abbot.

Commenting on the new contracts, Liz Milan, LME steel business manager says:

“Like all contracts the steel billet contracts will take time to build

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