March 30, 2016
 
Scrap Futures Trading Starts in April

Trading in steel scrap futures is scheduled to begin April 26 on the Nasdaq Commodities Exchange (Stockholm). The 20-gross-ton USA Midwest shredded steel contract will be listed, and quoted, for the current month and each of the next 11 months.

Final contract settlement will fall on the 11th of the month, and will be determined by the monthly publication of the Midwest U.S. Shredded Steel Scrap (10-day average) TSI Index price. The market will be open for trading between 2 a.m. and 1 p.m. EST every business day.

The Nasdaq ferrous futures suite also will include TSI Index products in: Midwest U.S. Hot-Rolled Coil; Iron Ore 62% Fe, CFR China; Premium Hard Coking Coal, FOB East Cost Australia Port; and ASEAN Hot-Rolled Coil. The listing of steel scrap and other ferrous futures products will offer a variety of trading and price hedging opportunities, says Peter F. Marcus, CEO of World Steel Exchange Marketing.


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Thursday, October 19, 2017