Delphi keeps eye on futures contract
Oct 30, 2008 | 11:02 AM
| Michael Cowden
Delphi Corp. has joined the list of automotive companies keeping a close eye on CME Group Inc.'s new hot-rolled coil steel futures contract.
The Troy, Mich.-based automotive supplier hasn't bought or sold any steel on the contract but is looking at it with interest, said Udesh Kaul, metallic category director, Delphi global supply management.
"Only certain commodities are available for hedging," he said at AMM's 3rd Annual Automotive Metals Conference in Detroit. "We are looking at the (CME contract)."
The Chicago-based CME Group launched its steel futures contract last week. Several automotive players have expressed interest, but thus far activity around the contract has been low. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here