Capesize

5925

Feb-17
0.00 0.00%

Panamax

7475

Feb-17
75.00 1.01%

Iron Ore

81.7

Feb-17
0.95 1.18%

Sing 380

312.95

Mar-17
#N/A #N/A

Coking Coal

185

Feb-17
0.00 0.00%

Nola Urea

250

Feb-17
0.00 0.00%

Steel Futures


What are steel futures?



A steel swap involves taking a position in a futures (paper) market as a substitute for a forward cash (physical) transaction.

It is an over the counter, cash-settled contract with no physical delivery, where both the buyer and seller agree on a price which is settled against an index.

"The strength of steel futures lies in the wide range of steel products available."

The most common steel and scrap products traded are:

  • Hot Rolled Coil (flat product)
  • Reinforced Bar (rebar or long product)
  • Billet and steel scrap.

Steel and scrap swaps offer benefits to a wide range of potential participants including steel mills, stockists, traders, service centres, manufacturers of automobiles and white goods, shipyards, construction companies, scrap collectors and mining companies.

Steel Market Indices