LME, SHFE Launch Steel HRC Shanghai Futures for October 2026 Trading
Updated
Updated · Markets Media · Jun 18
LME, SHFE Launch Steel HRC Shanghai Futures for October 2026 Trading
3 articles · Updated · Markets Media · Jun 18
Summary
Trading is expected to begin in October 2026 after final regulatory non-objection under a new LME-SHFE agreement for LME Steel HRC Shanghai.
The contract will let investors outside China gain exposure to SHFE’s flat steel market through an LME-listed product rather than trading directly onshore.
LME Steel HRC Shanghai will be cash-settled against SHFE’s monthly U.S. dollar Steel HRC Shanghai price, with CPAL handling currency conversions and related pricing work.
The deal expands LME’s cash-settled steel lineup while giving China’s steel futures market a wider international role in price formation for global steel companies and financial institutions.