Steel

LCH.Clearnet provides an independent clearing service for OTC Steel swaps contracts settled against The Steel Index (for the European and Turkish Scrap contracts) and the Cleartrade China Steel Index (for the Chinese contracts).

Globally based steel mills, producers, shippers and trading companies are increasingly looking to manage their price and counterparty risk through cleared trading opportunities.  By clearing through LCH.Clearnet, clients benefit from the stability and the implicit security of our default fund.

Approved Brokers have open and equal access to the service and can register their OTC brokered trades with LCH.Clearnet for clearing through a clearing member of LCH.Clearnet.

The service launched in October 2010 with strong support from the steel broking and trading community.  LCH.Clearnet is committed to working closely with the industry to ensure that our offering reflects the ongoing needs of the marketplace.