LME plans merger of steel billet contracts

Dec 14, 2009 | 11:28 AM | Phillip Price

The London Metal Exchange plans to merge its Mediterranean and Far East steel billet contracts to create one global price reference, which it says will enable improved price risk management.

The LME, which also is studying potential new delivery locations in North America, Europe and Asia, is likely to launch the merged contract in April, although this has yet to be confirmed.....

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