Japan's C-Com to begin trading ferrous scrap futures Oct. 11

Aug 01, 2005 | 10:51 AM | Rupert Lee

The Central Japan Commodity Exchange (C-Com) plans to start trading ferrous scrap futures beginning Oct. 11.

The contract will be based on shindachi, or factory bundle scrap, but the exchange is considering adding contracts for shredded scrap and heavy melting steel scrap at a future date. The 20-tonne contract size will target scrap metal companies, trading houses and other participants in Japan's industrial processes, the exchange said.

The contract was officially approved Monday by Japan's Ministry of Economy, Trade and Industry and the Ministry of Agriculture, Forestry and Fisheries.....

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