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Steel
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Steel LME quotations real or delayed time
The London Metal Exchange launched two regional futures contracts on 28/04/2008 for steel, one for the Mediterranean area and one for the Far East that with effect from 28.7.2010 have been unified into a single Global contract called Steel Billet.
The London Metal Exchange worked closely with various entities that compose the weaving factory of steel to prepare a contract topology that meets their different needs and that bestow to this important market transparency, well defined referential prices and the possibility to control the risk connected to the volatility of the prices.
The Futures contract for Steel arranged from LME are similar to those adopted for non ferrous Metals that foresee the possibility of the delivery deadline or the physical removal of the merchandise from the warehouse authorized by LME.
This possibility assures that the prices of LME and the physical market remains constantly aligned.
MetalOnMarket provides quotations in real-time or defer of this Contract Global Steels (Steel Billet) treated by the LME.
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