Tag: China plans to start scrap futures
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China plans to start scrap futures by end of 2020
China’s Dalian Commodity Exchange plans to list shredded steel scrap futures by the end of 2020 as scrap use in steelmaking is expected to increase gradually over the next 15 years. Shredded scrap has been chosen as the candidate for futures contract as it’s sold in a competitive market, has a high degree of standardization…