FIS offers a complete suite of steel derivative products developed in response to market demand for cleared, cash-settled futures in HRC, rebar and scrap products. Here at FIS we constantly strive to develop existing markets as well as introduce exciting new trading opportunities. Steel production saw the largest increase in Asia and the Middle East. Over the course of 2019 China’s crude steel production increased by 8.3% or 73.6Mt to 996.3Mt. This growth has been accompanied by radical changes in market behaviour in a sector once seen as traditional and conservative. Increased spot price visibility in the likes of iron ore, coking coal and freight have helped facilitate this change; highlighting the effects of price volatility and the uncertainty in fundamentals.

FIS has been a key orchestrator in the growth of all steel products, successfully brokering the first LME FOB China HRC trade via the LME exchange. FIS has also played an integral part in the development of several ancillary products, such as the recently launched CME HDG contract a premium variant to the widely-traded CRU US HRC.