Tuesday, June 12, 2007

LME to launch physical steel futures from April '08

(Reuters) - The London Metal Exchange said on Tuesday it will start trading in April 2008 two steel futures contracts to meet demand for physically deliverable billets, a move seen as positive for the steel industry.

The exchange will be following the Dubai Gold and Commodities Exchange (DGCX), which was due to launch its steel futures contract later this month but has decided to delay until after mid-year.


Read more at Reuters Africa

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