Products

European Hot Rolled Coil
Description Cash settled steel contracts – settled against The Steel Index (TSI): Hot Rolled Coil – Northern Europe, domestic (SCN) Hot Rolled Coil – Southern Europe, domestic (SCS)
Lot Size 20 mt
Currency Euros
Pricing € per metric tonne
Minimum tick €0.0001 to account for final settlement
Fixed price The traded price or the previous day's settlement price as supplied end of day by Cleartrade Exchange.
Floating price In respect of daily settlement, the floating price will be the end of day price as supplied by Cleartrade Exchange or any other such source as LCH may determine In respect of final settlement, the floating price will be the mean of the daily prices for the contract route as published by The Steel Index during the contract month
Contract series Front 1 or 2 months (remaining from front quarter), 5 whole quarters, 2 whole calendar years
Expiry / Last Trading Day Last UK business day of the contract month
Delivery Cash settled monthly against the arithmetic average of all the indices in the contract month
Final payment The first business day following the expiry day
Business Days UK business days 

Turkish Import Scrap
Description Cash settled steel contract – settled against The Steel Index: Turkish Import Scrap (SST)
Lot Size 20 mt
Currency US dollars
Pricing US $ per metric tonne
Minimum tick $0.0001 to account for final settlement
Fixed price The traded price or the previous day's settlement price as supplied end of day by Cleartrade Exchange or any other such source as LCH.Clearnet may determine
Floating price In respect of daily settlement, the floating price will be the end of day price as supplied by Cleartrade Exchange or any other such source as LCH.Clearnet may determine In respect of final settlement, the floating price will be the mean of the daily prices for the contract route as published by The Steel Index during the contract month
Contract series Front 1 or 2 months (remaining from front quarter), 5 whole quarters, 2 whole calendar years
Expiry / Last Trading Day Last UK business day of the contract month
Delivery Cash settled monthly against the arithmetic average of all the indices in the contract month
Final payment The first business day following the expiry day
Business Days UK business days