Capesize

13750

May-17
450.00 3.38%

Panamax

8300

May-17
-200.00 -2.35%

Iron Ore

61.5

May-17
-0.50 -0.81%

Sing 380

292.65

Jun-17

Coking Coal

177

May-17
1.00 0.57%

Nola Urea

172

May-17
3.00 1.78%

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