FIS has been actively developing international markets in steel and scrap for the last decade, working with exchanges including SGX, CME and LME to improve price discovery and enable traders to manage their steel supply chain risk.
Global steel market production in 2017 was 1.69bn tonnes – some 49% of which was produced in China, making it the world’s second largest commodity after oil. Global scrap production is around 500-600m tonnes annually, with China accounting for 150m tonnes of domestic production. Steel prices have been highly volatile, particularly for rebar steels used in construction, with a knock-on effect to iron ore and coking coal prices.

FIS offers a broad suite of steel derivatives products, developed in response to market demand for cleared, cash-settled futures in Rebar, HRC and scrap products including the popular CME US Midwest HRC contract which traded 1.25m tonnes in 2017.

The principal China domestic market for steel futures is the Shanghai Futures Exchange, where traded rebar volumes were 13.1bn tonnes in 2017 with price moves as high as RMB4098 and as low as RMB2839. FIS is planning to develop and launch a new China-focussed steel contract and sees untapped opportunity for a steel instrument that could be used to hedge price risk.

FFAS

FFAS

FFAs offer owners, charterers and traders a means of protecting themselves against the inherent volatility of the freight market.
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Iron Ore

Iron Ore

Iron ore futures have emerged as the leading instrument for hedging and risk management for producers and consumers alike.
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Coking Coal

Coking Coal

Freight and iron ore options are used to provide a means of hedging that is closely related to physical positions.
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Steel & Scrap

Steel & Scrap

An indispensable building block of the global economy, changes in the steel market have driven demand for risk management.
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Base Metals & Premiums

Base Metals & Premiums

FIS has expanded its metals market coverage to include the most liquid copper and aluminium premium contracts on CME.
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Fuel Oil

Fuel Oil

Consumers, suppliers and traders can use Fuel Oil Futures to cheaply and simply fix the price of their future bunker fuel needs.
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Fertilizers

Fertilizers

Fertilizer Futures provide a risk management tool which can be traded standalone or combined with freight and other commodities.
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Physical Shipping

Physical Shipping

FIS offers a range of services for clients requiring a bespoke approach to their raw material and shipping requirements.
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