Hot-Rolled Coil Futures Debut in Shanghai to Complement Rebar
This article is for subscribers only.
Hot-rolled coil futures debuted today on the Shanghai Futures Exchange as China pushes to expand its commodities trading from raw materials to steel products.
The market traded nine monthly contracts for delivery from July to March 2015, according to the nation’s largest metals bourse. Hot-rolled coil is used to make steel sheets for cars and home appliances. Futures for steel reinforcement-bar and steel wire used in cables already exist on the exchange.