SHFE will launch HRC futures in H1 2014

China’s Shanghai Futures Exchange (SHFE) is working on a hot rolled coil futures contract and aims to introduce it in the first half of next year.

“I cannot tell exactly when the contract will be launched, as it’s still awaiting approval from the China Securities Regulatory Commission,” Sun Zhenqiang, an official from SHFE’s gold and steel markets department, said on the sidelines of an industry conference last week. “But it’s more likely in the second quarter, as participants will be away from the market during the Chinese...


December 02, 2013

03:29 GMT