SHFE's hot-rolled coil futures contract OK'd

Jan 27, 2014 | 11:47 AM |

Tags  China steel, hot-rolled coil, futures contract, Shanghai Futures Exchange, China Securities Regulatory Commission, Singapore Exchange

SHANGHAI — Chinese regulators have approved the Shanghai Futures Exchange’s (SHFE’s) hot-rolled coil futures contract.

"The launch of the (hot-rolled coil) futures contract will further enrich the futures product series on the steel industry chain and improve the pricing mechanism, allowing related companies to hedge risks against price volatility," the China Securities Regulatory Commission said in a statement Jan. 24.....

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