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NCDEX Launches India's First Steel Scrap Futures Contract To Help Steelmakers & Traders Hedge Price Risks

NCDEX Launches India's First Steel Scrap Futures Contract To Help Steelmakers & Traders Hedge Price Risks
Photo: Free Press Journal · view original

New Delhi, Nov 11: National Commodity & Derivatives Exchange (NCDEX) on Wednesday launched steel scrap futures, the country’s first futures contract in the segment to be based on a price-reporting agency benchmark, aiming to give steelmakers and traders a way to hedge price risk. The contract is...

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