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London steel futures roll to success on floor, U.S. listing planned
Posted on April 28, 2008
The London Metal Exchange (LME) launched floor steel futures trading on Monday. The Mediterranean steel contract saw trades at $995 and $1,005 a tonne and was last at $990/$1,000, while the Far East contract was last trading at $995. Steel billet contracts began trading in late Feburary on the London Metal Exchange s electronic brokerage system, Select, and by telephone. According to a WSJ article, the London Metal Exchange is planning to launch by year's end steel futures trading in the Americas. The contract will be focused on North America but, because a lot of steel shipments travel fro...
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