S&P Global Marks 10 Years of LME Steel Futures Benchmarking as Demand for Scrap-Based Pricing Surges
The steel market may not grab headlines like AI or quantum anything, but one corner of the sector has quietly undergone a decade-long transformation. S&P Global Energy—formerly S&P Global Commodity Insights—is marking the ten-year anniversary of its Platts steel scrap and rebar benchmarks becoming the settlement reference for two major London Metals Exchange (LME) futures…