LME and Shanghai Futures Exchange to Co-Launch HRC Steel Futures on LME
The London Metal Exchange has entered into an agreement with the Shanghai Futures Exchange to list a new cash-settled hot-rolled coil (HRC) steel futures contract on the LME, tied to the SHFE's monthly U.S. dollar HRC price. The contract is scheduled to begin trading in October 2026 and aims to provide market participants outside China with a direc…