Ferrous
IRON ORE
FIS helped create the market in iron ore futures, working with participants to develop the contract, brokering the first trade in 2008 and consistently enjoying a leading market share. As a result, FIS is well positioned to capitalise on the continued growth is this well-established space.
The market boasted over 4.4 billion metric tonnes of iron ore futures and options in 2023, which was the record year with the highest volume, up 16% in comparison to the same period in 2022, indicating a strong market activity and rising trading interest. At FIS we broker trades on both the Platts TSI 62% and Fastmarkets 65%, as well as the CME Argus China Portside 62% contracts, and offer comprehensive coverage on options. Our iron ore teams in Shanghai, Singapore, Dubai and London offer comprehensive global coverage for all your hedging and trading needs.
Video References: IHS Commodities at Sea Service, FIS
coking coal
FIS has played a crucial role in developing the coking coal market, helping transform it from a lightly traded OTC product to a liquid cleared market that it is today and having traded the first cleared coking coal in 2013.
We maintain a leading role in this key ferrous product, with global coverage and first-class service.
Video References: IEA, FIS
steel & scrap
FIS is a leader in the global suite of steel derivative products developed in response to market demand for cleared, cash-settled futures and options. As leading brokers in Hot-Rolled Coil, Rebar, and Ferrous Scrap futures across all global markets we constantly strive to develop existing markets and introduce exciting new trading opportunities. Since the launch of the first futures for this space in 2008, FIS has played an integral part in market growth.
FIS has been a key orchestrator in the growth of these markets, successfully brokering the first LME FOB China HRC trade via the London Metal Exchange. We have been a key stakeholder in the development of several ancillary products. In addition to providing best price execution, market commentary and reporting our team has been interviewed and cited in trade publications.
Video References: World Steel Association, FIS
