Oct. 14, 2015
 
NASDAQ to Launch Scrap, Iron Ore, HRC Futures

The NASDAQ Commodities Exchange is preparing to launch index futures contracts for U.S. shredded steel scrap and iron ore CFR China in November, followed by U.S. hot-rolled coil and other products in December. All contracts will be financially settled, meaning no physical delivery, against TSI Indexes.

The combination of the marketing efforts of World Steel Exchange Marketing/World Steel Dynamics, TSI/Platts, and NASDAQ, along with enthusiastic steel scrap industry support, should lead to a rapid ramp-up of steel scrap futures trading on the NASDAQ Commodities Exchange, says Peter Marcus of WSD.

More information on the products can be found at www.worldsteeldynamics.com/pg/survey.


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Tuesday, October 24, 2017