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Steel-product trade
March 24, 2009, Tuesday
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Print Edition
Print Edition
THE Shanghai Futures Exchange yesterday said it will start trading of steel-product contracts on Friday. The steel wire rod and reinforcement bar contracts will give industries that produce, trade and use the products a hedge tool against sometimes wild price gyrations.
The exchange, which already trades copper, aluminum, zinc, gold, natural rubber and fuel oil, started studying steel futures in 2001.
The exchange, which already trades copper, aluminum, zinc, gold, natural rubber and fuel oil, started studying steel futures in 2001.
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