The London Metal Exchange will be trading in Steel Billets

I attended the Asean Steel Federation Conference today. Befitting  goblog’s tagline, I am into  ferrous metal. A few weeks ago, over a cuppa with Z,  I was wondering why LME was not doing ferrous. Walla!! a team from LME was at the conference announcing their venture into billets futures.

 The lady leading the venture was a Benthamite of Gower Street, a UCL alumnus. We did that secret handshake.

LME was established130 years ago. It was initiated to trade in Malayan tin.

I am looking forward to Q1 08.

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