Steel (LME) positioning

LME	LME Steel HRC FOB China (Argus)	Investment funds	16 Oct 2026
LME	LME Steel HRC N. America (Platts)	Investment funds	15 Jan 2021
LME	LME Steel Scrap CFR Turkey (Platts)	Investment funds	16 Oct 2026
LME	LME Steel Rebar FOB Turkey (Platts)	Investment funds	16 Oct 2026

Position by venue

One row per venue and report. Each row carries its own source's speculative category, named in the row, and its own unit. Rows are never summed and never converted into a common unit.

Venue	Report	Category	Net	Change, interval	Net % of OI	Percentile, full span	Unit	Position date
LME	LME Steel HRC FOB China (Argus)	Investment funds	+0	+0	0.0	75	lots	2026-10-16
LME	LME Steel HRC N. America (Platts)	Investment funds	+0	+0	0.0	100	lots	2021-01-15
LME	LME Steel Scrap CFR Turkey (Platts)	Investment funds	+120	-116	0.9	43	lots	2026-10-16
LME	LME Steel Rebar FOB Turkey (Platts)	Investment funds	+0	+0	0.0	87	lots	2026-10-16

LME, LME Steel HRC FOB China (Argus): investment funds net, held reports only

Net as % of open interest, the measure comparable across the venue's own history. Category breaks and missing reports print as gaps.

LME, LME Steel HRC N. America (Platts): investment funds net, held reports only

Net as % of open interest, the measure comparable across the venue's own history. Category breaks and missing reports print as gaps.

LME, LME Steel Scrap CFR Turkey (Platts): investment funds net, held reports only

Net as % of open interest, the measure comparable across the venue's own history. Category breaks and missing reports print as gaps.

LME, LME Steel Rebar FOB Turkey (Platts): investment funds net, held reports only

Net as % of open interest, the measure comparable across the venue's own history. Category breaks and missing reports print as gaps.

History by venue

The full held history for each venue, in the venue's own unit. Series longer than 280 reports print as yearly extremes over the full span plus the most recent 104 reports; shorter series print in full. Every table sorts and filters.

LME, LME Steel HRC FOB China (Argus): all held reports, lots

All 76 held reports

Order: Report date, oldest first


2020-01-03	0	0	+0	3,448	0.0
2020-01-10	0	0	+0	3,507	0.0
2020-01-17	0	0	+0	3,672	0.0
2020-01-24	0	0	+0	3,872	0.0
2020-02-07	0	0	+0	3,249	0.0
2020-02-14	0	0	+0	3,369	0.0
2020-02-21	0	0	+0	3,786	0.0
2020-02-28	0	0	+0	3,450	0.0
2020-03-06	0	0	+0	2,378	0.0
2020-03-13	0	0	+0	2,373	0.0
2020-03-20	0	0	+0	2,437	0.0
2020-03-27	0	0	+0	2,463	0.0
2020-04-03	2	2	+0	1,733	0.0
2020-04-09	20	28	-8	1,851	-0.4
2020-04-17	20	28	-8	1,909	-0.4
2020-04-24	13	28	-15	2,079	-0.7
2020-05-01	16	28	-12	1,573	-0.8
2020-05-07	16	28	-12	1,773	-0.7
2020-05-15	33	29	+4	1,816	0.2
2020-05-22	33	27	+6	1,887	0.3
2020-05-29	26	15	+11	2,029	0.5
2020-06-05	93	55	+38	1,777	2.1
2020-06-12	129	43	+86	1,832	4.7
2020-06-26	212	42	+170	1,544	11.0
2020-07-03	499	324	+175	1,934	9.0
2020-07-10	507	363	+144	1,750	8.2
2020-07-17	464	430	+34	1,857	1.8
2020-07-24	116	115	+1	2,399	0.0
2020-07-31	117	119	-2	2,518	-0.1
2020-08-07	121	125	-4	2,420	-0.2
2020-08-14	124	129	-5	2,558	-0.2
2020-08-21	126	134	-8	2,540	-0.3
2020-08-28	139	150	-11	2,543	-0.4
2020-09-04	148	148	+0	2,296	0.0
2020-09-11	148	148	+0	2,325	0.0
2020-09-18	146	167	-21	2,392	-0.9
2020-09-25	118	134	-16	2,109	-0.8
2020-10-02	119	132	-13	1,595	-0.8
2020-10-09	108	135	-27	1,805	-1.5
2020-10-16	108	135	-27	1,921	-1.4
2020-10-23	106	159	-53	2,008	-2.6
2020-10-30	101	146	-45	1,838	-2.4
2020-11-06	110	138	-28	1,963	-1.4
2020-11-13	135	144	-9	2,582	-0.3
2020-11-20	132	121	+11	2,566	0.4
2020-11-27	128	109	+19	2,614	0.7
2020-12-04	157	51	+106	2,371	4.5
2020-12-11	104	62	+42	2,273	1.8
2020-12-18	102	28	+74	2,329	3.2
2020-12-24	106	25	+81	2,358	3.4
2020-12-31	102	19	+83	1,924	4.3
2021-01-08	77	20	+57	1,995	2.9
2021-01-15	69	14	+55	1,969	2.8
2026-05-15	0	0	+0	2,701	0.0
2026-05-22	0	0	+0	2,828	0.0
2026-05-29	0	0	+0	2,050	0.0
2026-06-05	0	0	+0	1,972	0.0
2026-06-12	0	0	+0	2,443	0.0
2026-06-19	0	0	+0	3,030	0.0
2026-06-26	0	0	+0	3,515	0.0
2026-07-03	0	0	+0	2,777	0.0
2026-07-10	0	0	+0	2,646	0.0
2026-07-17	0	0	+0	2,937	0.0
2026-07-24	0	0	+0	2,972	0.0
2026-07-31	0	0	+0	2,098	0.0
2026-08-07	0	0	+0	1,717	0.0
2026-08-14	0	0	+0	1,773	0.0
2026-08-21	0	0	+0	2,291	0.0
2026-08-28	0	0	+0	2,242	0.0
2026-09-04	0	0	+0	2,239	0.0
2026-09-11	0	0	+0	2,279	0.0
2026-09-18	0	0	+0	2,779	0.0
2026-09-25	0	0	+0	2,853	0.0
2026-10-02	0	12	-12	1,681	-0.7
2026-10-09	0	0	+0	1,728	0.0
2026-10-16	0	0	+0	1,916	0.0

Sampled series: 76 of 359 Fridays in span are held (21 percent). Missing Fridays are missing at the source listing and are never filled.

LME, LME Steel HRC N. America (Platts): all held reports, lots

All 54 held reports

Order: Report date, oldest first


2020-01-03	+0	1,046
2020-01-10	+0	1,017
2020-01-17	+0	977
2020-01-24	+0	967
2020-02-07	+0	1,115
2020-02-14	+0	1,032
2020-02-21	+0	803
2020-02-28	+0	801
2020-03-06	+0	746
2020-03-13	+0	726
2020-03-20	+0	740
2020-03-27	+0	741
2020-04-03	+0	441
2020-04-09	+0	446
2020-04-17	+0	495
2020-04-24	+0	741
2020-05-01	+0	916
2020-05-07	+0	903
2020-05-15	+0	773
2020-05-22	+0	885
2020-05-29	+0	937
2020-06-05	+0	872
2020-06-12	+0	790
2020-06-19	+0	800
2020-06-26	+0	769
2020-07-03	+0	711
2020-07-10	+0	642
2020-07-17	+0	705
2020-07-24	+0	802
2020-07-31	+0	800
2020-08-07	+0	746
2020-08-14	+0	806
2020-08-21	+0	876
2020-08-28	+0	949
2020-09-04	+0	846
2020-09-11	+0	801
2020-09-18	+0	802
2020-09-25	+0	792
2020-10-02	+0	603
2020-10-09	+0	630
2020-10-16	+0	613
2020-10-23	+0	599
2020-10-30	+0	629
2020-11-06	+0	488
2020-11-13	+0	536
2020-11-20	+0	563
2020-11-27	+0	649
2020-12-04	+0	469
2020-12-11	+0	483
2020-12-18	+0	506
2020-12-24	+0	540
2020-12-31	+0	575
2021-01-08	+0	477
2021-01-15	+0	513

Sampled series: 54 of 59 Fridays in span are held (92 percent). Missing Fridays are missing at the source listing and are never filled.

LME, LME Steel Scrap CFR Turkey (Platts): all held reports, lots

All 76 held reports

Order: Report date, oldest first


2020-01-03	200	0	+200	9,785	2.0
2020-01-10	250	0	+250	10,154	2.5
2020-01-17	250	0	+250	10,308	2.4
2020-01-24	250	0	+250	10,757	2.3
2020-02-07	0	0	+0	10,398	0.0
2020-02-14	0	0	+0	10,614	0.0
2020-02-21	50	0	+50	10,437	0.5
2020-02-28	0	0	+0	9,545	0.0
2020-03-06	0	0	+0	9,398	0.0
2020-03-13	0	50	-50	10,416	-0.5
2020-03-20	0	150	-150	10,214	-1.5
2020-03-27	0	200	-200	10,996	-1.8
2020-04-03	0	250	-250	9,750	-2.6
2020-04-09	0	250	-250	10,002	-2.5
2020-04-17	0	250	-250	10,245	-2.4
2020-04-24	0	250	-250	10,771	-2.3
2020-05-01	0	250	-250	8,920	-2.8
2020-05-07	0	250	-250	9,327	-2.7
2020-05-15	0	200	-200	9,774	-2.0
2020-05-22	6,000	150	+5,850	13,911	42.1
2020-05-29	6,000	150	+5,850	16,932	34.5
2020-06-05	6,000	150	+5,850	15,075	38.8
2020-06-12	6,000	150	+5,850	15,107	38.7
2020-06-19	6,000	150	+5,850	15,107	38.7
2020-06-26	6,000	150	+5,850	15,603	37.5
2020-07-03	6,000	200	+5,800	10,237	56.7
2020-07-10	4,000	200	+3,800	9,193	41.3
2020-07-17	4,000	200	+3,800	9,085	41.8
2020-07-24	4,000	50	+3,950	9,081	43.5
2020-07-31	2,000	0	+2,000	6,866	29.1
2020-08-07	2,050	0	+2,050	5,849	35.0
2020-08-14	2,050	0	+2,050	6,734	30.4
2020-08-21	2,100	0	+2,100	8,598	24.4
2020-09-04	1,150	0	+1,150	8,507	13.5
2020-09-11	1,150	0	+1,150	9,024	12.7
2020-09-18	1,150	0	+1,150	9,377	12.3
2020-09-25	1,200	0	+1,200	11,785	10.2
2020-10-02	200	0	+200	7,683	2.6
2020-10-09	200	0	+200	9,014	2.2
2020-10-16	150	0	+150	10,338	1.5
2020-10-23	200	0	+200	11,773	1.7
2020-10-30	250	0	+250	12,090	2.1
2020-11-06	250	0	+250	10,560	2.4
2020-11-13	250	0	+250	11,231	2.2
2020-11-20	200	0	+200	11,432	1.7
2020-11-27	150	0	+150	15,678	1.0
2020-12-04	100	0	+100	13,683	0.7
2020-12-11	50	0	+50	14,239	0.4
2020-12-18	50	0	+50	15,519	0.3
2020-12-24	50	0	+50	15,537	0.3
2020-12-31	50	0	+50	15,005	0.3
2021-01-08	50	0	+50	10,262	0.5
2021-01-15	50	0	+50	9,928	0.5
2026-05-15	2,164	30	+2,134	13,530	15.8
2026-05-22	1,589	30	+1,559	21,072	7.4
2026-05-29	1,803	30	+1,773	19,223	9.2
2026-06-05	1,969	30	+1,939	21,400	9.1
2026-06-12	1,879	30	+1,849	21,714	8.5
2026-06-19	1,154	0	+1,154	22,341	5.2
2026-06-26	902	87	+815	22,522	3.6
2026-07-03	675	235	+440	19,245	2.3
2026-07-10	450	191	+259	18,688	1.4
2026-07-17	300	191	+109	17,725	0.6
2026-07-24	372	393	-21	16,626	-0.1
2026-07-31	367	516	-149	12,735	-1.2
2026-08-07	0	878	-878	13,662	-6.4
2026-08-14	25	803	-778	13,869	-5.6
2026-08-21	75	803	-728	14,266	-5.1
2026-08-28	19	433	-414	12,468	-3.3
2026-09-04	310	573	-263	13,045	-2.0
2026-09-11	310	669	-359	13,783	-2.6
2026-09-18	633	621	+12	13,622	0.1
2026-09-25	715	528	+187	14,496	1.3
2026-10-02	820	388	+432	12,829	3.4
2026-10-09	741	505	+236	12,850	1.8
2026-10-16	400	280	+120	13,551	0.9

Sampled series: 76 of 359 Fridays in span are held (21 percent). Missing Fridays are missing at the source listing and are never filled.

LME, LME Steel Rebar FOB Turkey (Platts): all held reports, lots

All 77 held reports

Order: Report date, oldest first


2020-01-03	0	0	+0	2,996	0.0
2020-01-10	0	0	+0	2,983	0.0
2020-01-17	0	0	+0	3,415	0.0
2020-01-24	0	0	+0	3,387	0.0
2020-02-07	0	0	+0	2,647	0.0
2020-02-14	0	0	+0	1,772	0.0
2020-02-21	0	0	+0	1,566	0.0
2020-02-28	0	0	+0	1,542	0.0
2020-03-06	0	0	+0	1,677	0.0
2020-03-13	0	0	+0	2,190	0.0
2020-03-20	0	0	+0	2,561	0.0
2020-03-27	0	0	+0	2,304	0.0
2020-04-03	0	0	+0	2,142	0.0
2020-04-09	0	0	+0	2,192	0.0
2020-04-17	0	0	+0	2,301	0.0
2020-04-24	0	0	+0	2,321	0.0
2020-05-01	0	0	+0	1,663	0.0
2020-05-07	0	0	+0	1,802	0.0
2020-05-15	0	0	+0	2,300	0.0
2020-05-22	0	0	+0	2,407	0.0
2020-05-29	0	0	+0	2,236	0.0
2020-06-05	0	0	+0	1,522	0.0
2020-06-12	0	0	+0	1,554	0.0
2020-06-19	0	0	+0	1,630	0.0
2020-06-26	0	0	+0	1,589	0.0
2020-07-03	0	0	+0	994	0.0
2020-07-10	0	0	+0	987	0.0
2020-07-17	0	0	+0	991	0.0
2020-07-24	0	0	+0	1,288	0.0
2020-07-31	0	0	+0	1,403	0.0
2020-08-07	0	0	+0	1,039	0.0
2020-08-14	0	0	+0	1,373	0.0
2020-08-21	0	0	+0	1,130	0.0
2020-08-28	0	0	+0	1,512	0.0
2020-09-04	5	0	+5	922	0.5
2020-09-11	5	0	+5	1,073	0.5
2020-09-18	13	0	+13	1,022	1.3
2020-09-25	22	0	+22	1,034	2.1
2020-10-02	40	0	+40	981	4.1
2020-10-09	43	0	+43	973	4.4
2020-10-16	37	1	+36	979	3.7
2020-10-23	32	13	+19	1,035	1.8
2020-10-30	47	20	+27	1,075	2.5
2020-11-06	22	57	-35	1,033	-3.4
2020-11-13	37	69	-32	1,224	-2.6
2020-11-20	0	132	-132	1,479	-8.9
2020-11-27	0	131	-131	1,588	-8.2
2020-12-04	0	108	-108	1,222	-8.8
2020-12-11	0	104	-104	1,326	-7.8
2020-12-18	18	77	-59	1,299	-4.5
2020-12-24	20	64	-44	1,343	-3.3
2020-12-31	19	63	-44	1,300	-3.4
2021-01-08	34	40	-6	1,075	-0.6
2021-01-15	44	27	+17	1,081	1.6
2026-05-15	0	0	+0	1,918	0.0
2026-05-22	0	0	+0	3,443	0.0
2026-05-29	0	0	+0	1,939	0.0
2026-06-05	0	0	+0	2,114	0.0
2026-06-12	0	0	+0	2,139	0.0
2026-06-19	0	0	+0	2,164	0.0
2026-06-26	0	0	+0	2,244	0.0
2026-07-03	0	0	+0	1,754	0.0
2026-07-10	0	0	+0	1,779	0.0
2026-07-17	0	0	+0	1,939	0.0
2026-07-24	0	0	+0	1,939	0.0
2026-07-31	0	0	+0	1,690	0.0
2026-08-07	0	0	+0	1,700	0.0
2026-08-14	0	0	+0	1,730	0.0
2026-08-21	0	0	+0	1,730	0.0
2026-08-28	0	0	+0	1,380	0.0
2026-09-04	0	0	+0	1,480	0.0
2026-09-11	0	0	+0	1,780	0.0
2026-09-18	0	0	+0	1,880	0.0
2026-09-25	0	0	+0	2,170	0.0
2026-10-02	0	0	+0	1,740	0.0
2026-10-09	0	0	+0	1,751	0.0
2026-10-16	0	0	+0	1,773	0.0

Sampled series: 77 of 359 Fridays in span are held (21 percent). Missing Fridays are missing at the source listing and are never filled.

Extremes, by venue

Venue and market	Speculative net	Percentile, full span	Percentile 1Y	Percentile 3Y	Z-score 52W	Highest net, full span	Date of high	Lowest net, full span	Date of low	Held span	Change, 4 intervals	Change, 13 intervals
LME, LME Steel HRC FOB China (Argus)	+0	75	75	-	-0.27 (52 obs)	+175	2020-07-03	-53	2020-10-23	2020-01-03 to 2026-10-16 (76 obs)	+0	+0
LME, LME Steel HRC N. America (Platts)	+0	100	100	-	- (52 obs)	+0	2020-01-03	+0	2020-01-03	2020-01-03 to 2021-01-15 (54 obs)	+0	+0
LME, LME Steel Scrap CFR Turkey (Platts)	+120	43	35	-	-0.54 (52 obs)	+5,850	2020-05-22	-878	2026-08-07	2020-01-03 to 2026-10-16 (76 obs)	+108	+11
LME, LME Steel Rebar FOB Turkey (Platts)	+0	87	81	-	0.25 (52 obs)	+43	2020-10-09	-132	2020-11-20	2020-01-03 to 2026-10-16 (77 obs)	+0	+0

Percentiles and extremes are computed over the full held span printed in the Held span column, per the 2026-10-28 redesign. The 1Y and 3Y windows and the 52-week z-score print alongside for continuity. Windows are weekly reports for the CFTC, ICE, ESMA and LME rows; the LME windows count held reports only, because that series is sampled.

In this section

Commodities, Metals

Commodities by sector

Positioning

Coverage and method

Steel holder data is the LME family only; the SGX line is open interest.

Sector: Metals, Ferrous metals and ferroalloys. Units print per row and are never converted. Category definitions are each source's own. Pages render the current corrected vintage of each source; first-release vintages are not kept. An extreme reading is a condition of crowding, not a buy or sell signal.