Author: Lalita
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China: SHFE modifies weight criterion for steel futures contracts
Via a notification issued on 9 Jul’21, the Shanghai Futures Exchange (SHFE) has changed the weight condition for steel rebar and hot-rolled coil contracts from actual to theoretical weight. The change is supposed to come into effect from 22 Aug. Sources informed SteelMint that the change has been mooted to simplify the delivery mechanism as…