Deutsche Bank May Expand Japan Coal, Iron Ore Sales, Hedging
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Deutsche Bank AG may expand the sale of coal and iron ore cargoes and derivatives in Japan to meet growing demand from steelmakers and utilities for hedging the commodities against price swings.
Germany’s largest lender is studying ways to increase sales of a package of physical products such as power-station coal and the iron ore, together with the financial derivatives, Kenichiro Yamaguchi, the head of the commodities sales at Deutsche Securities Inc., said in an interview yesterday.