IPO & listingCNBC-TV18
NCDEX launches India's first steel scrap futures contract
Positive+333 sources
GreyOak summary
NCDEX launched India's first steel scrap futures contract using the HMS 80:20 grade to help industry hedge price risks. The contract has a trading unit of 10 metric tonnes and is cash-settled. It aims to bring transparency to a fragmented market where prices vary across regions.
What it affects
- SteelPositive +33
New futures contract launched for price hedging.Rolling sentiment Positive +15