China futures exchange moves to launch steel futures contracts

03/14/2005 | Xinhuanet.com (China)

With global prices for steel soaring, China's futures exchange is poised to launch steel futures contracts. The country has launched futures contracts for corn and fuel oil in the past two years and the Shanghai Futures Exchange is awaiting approval from the China Securities Regulatory Commission to host trading in wire rods used for construction.

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Xinhuanet.com (China)

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