London Metal Exchange and Shanghai Futures Exchange to launch Shanghai-linked steel futures contract

The HKEX-owned exchange will list a cash-settled HRC contract referencing SHFE prices, offering overseas participants exposure to China’s flat steel market; trading is expected to begin in October.
June 18, 2026

The London Metal Exchange (LME) has signed an agreement with the Shanghai Futures Exchange (SHFE) to launch a new LME-listed futures contract that will allow market participants outside China to gain exposure to SHFE’s flat steel market.

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