London Metal Exchange Prices Steel

Price determination mechanisms range from an advanced spot and forward contracts traded online as well as in london at the london metal exchange lme or in new york at the new york mercantile commodity exchange comex to basic cash exchanges between buyers and sellers.
London metal exchange prices steel. The exchange shall not accept any liability for any losses that a market participant may incur as a result of trading activity conducted in these circumstances. London metal exchange pricing lme setting the global standard the london metal exchange was founded in the year 1877 but has a history from the year 1571. Each of the reference prices published by the exchange is derived directly from trading and provide transparent pricing for the global metals market. Free daily nickel and stainless steel prices world metals market news free base metals reports london metal exchange nickel prices stainless steel chromium news this page is archived news covering the period of october 2010.
Steel pricing history at the london metal exchange from the last 30 days and the last year in euros. Historically lme index reached an all time high of 4556 60 in may of 2007. Participants can trade one of a number of metals using futures options tapos monthly average futures and lmeminis. The lme official price is the last bid and offer price quoted during the second ring session and the lme official settlement price is the.
Ferrous metals the lme cash settled ferrous contracts were designed in close consultation with the steel community to meet their risk management needs. Lme index decreased 504 70 points or 17 75 since the beginning of 2020 according to trading on a contract for difference cfd that tracks the benchmark market for this commodity. The london metal exchange is the world centre for industrial metals trading. Lme prices are very important for companies who trade in these metals.
These data and statistics illustrate the monthly and yearly prices of steel at the london metal exchange. All our ferrous contracts are underpinned by leading and carefully selected index providers and are tradable on lmeselect and via the inter office market out to 15 months. The monthly overview report provides a snapshot of key data relating to lme steel scrap including. The london metal exchange is the trading and price formation venue of choice for industrial metals globally.