What is the diff between Midwest transaction price and London Metal exchange?

* The Midwest Transaction Price (MTP) is a daily price assessment published by S&P Global Platts for physical steel transactions in the Midwest region of the United States.

* It is based on actual transactions, as well as bids and offers, by market participants in the region.

* The MTP is used as a benchmark for steel pricing in the Midwest and is also used in some contracts for the purchase and sale of steel.

London Metal Exchange (LME)

* The London Metal Exchange (LME) is a global commodities exchange for base metals. It is the world's largest and oldest futures market for metals.

* The LME offers futures and options contracts on a variety of metals, including aluminum, copper, lead, nickel, tin, and zinc.

* The LME prices are used as a benchmark for physical metal transactions around the world.

Key Differences:

* The MTP is a regional price assessment for steel in the Midwest region of the United States, while the LME is a global commodities exchange for base metals.

* The MTP is based on actual transactions, bids and offers, while the LME prices are based on futures and options contracts.

* The MTP is used as a benchmark for steel pricing in the Midwest, while the LME prices are used as a benchmark for physical metal transactions around the world.