LME to Trade Billets; First Foray into Steel Futures Trading

July 2007
Metal Center News;Jul2007, Vol. 47 Issue 8, p41
Trade Publication
The article reports on the plan of London Metal Exchange Ltd. to commence futures trading in steel billet in April 2008 in London, England. The trading involves two regional contracts including the contract for Near East and one for the Far East. Martin Abbott, the company's chief executive said that this service allows them to create credibility in developing base metals for over 130 years.


Related Articles

  • Steel pricing. Sleight, Chris // International Construction;Mar2008, Vol. 47 Issue 2, p15 

    The article reports on the new steel futures contract launched on the London Metal Exchange Ltd. in London, England. A futures contract is a commitment to buy or sell something at a fixed date in the future at a price agreed today, so one of the things they can be used for is hedging. This...

  • LME GOING AMERICAN.  // Futures: News, Analysis & Strategies for Futures, Options & Deri;Jun2008, Vol. 37 Issue 6, p14 

    The article reports on the plan of London Metal Exchange (LME) Ltd. to launch steel futures contracts with warehouses by the end of 2008 in Latin and North America. These warehouses would be situated near the location of the producers. The location is the primary consideration because steel...

  • LME Steel Trading Hits One-Year Mark.  // Metal Center News;May2009, Vol. 49 Issue 6, p39 

    The article reports on the one-year trading of steel billets at London Metal Exchange Ltd. (LME). Martin Abbott, chief executive of the (CEO) company, explains that the LME steel price plays a significant role in the steel industry. Other important developments in LME during the first year of...

  • London Metal Exchange Plans Futures Market for Plastics.  // Chemical Market Reporter;10/20/2003, Vol. 264 Issue 13, p4 

    Reports on the plan of the London Metal Exchange Ltd. to set up a futures market for plastics in London, England. Number of years in operation; Benefits of the market for the plastics industry; Similarity between the plastics and metal market.

  • Steel futures: Ready for prime time? Cretien, Paul D. // Futures: News, Analysis & Strategies for Futures, Options & Deri;Oct2010, Vol. 39 Issue 10, p30 

    The article discusses the move of London Metal Exchange Ltd. (LME) and CME Group Inc. (Nymex) to expand metal operations with respect to steel futures in London, England. It states that both companies aim progress toward global pricing and trading of steel futures although LME made the...

  • HEDGING METALS IN THE AUTOMOTIVE INDUSTRY. Frazier, John // International Journal of Business & Economics Perspectives;Winter2011, Vol. 6 Issue 1, p150 

    The article presents a study on the copper hedging strategy of the automotive industry Radiator Co. in 2000. It says that the company, hoping the price of copper will continue to rise, entered into a futures contract with a financial institution, and the futures it bought in the copper market...

  • STEELY RESISTANCE.  // Futures: News, Analysis & Strategies for Futures, Options & Deri;Jun2003, Vol. 32 Issue 7, p18 

    Reports on the pursuance of the London Metal Exchange Ltd. to forge ahead with its planned steel futures contract in England. Optimism of the firm inspite of industry feedback; Emphasis on the threats that futures contracts will destabilize prices; Assessment of the international steel trading...

  • London Metal Exchange Chief Executive Officer Martin Abbott will depart at the end of the year.  // World Mining News;6/11/2013, p5 

    The article announces the departure by the end of 2013 of Martin Abbott as chief executive officer (CEO) of the London Metal Exchange (LME).

  • London Metal Exchange plans to take on PP, LLDPE futures. Esposito, Frank // Plastics News;10/20/2003, Vol. 15 Issue 34, p3 

    The London Metal Exchange Ltd. (LME) — a 126-year-old trading market in London, England — hopes to begin offering contracts for polypropylene and linear low density polyethylene in the first half of 2004. The LME handles more than $2 billion in transactions each year, mostly in...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics