(2) The reason why the iron futures contract is not launched separately; There is a simple reason. With the upgrading of consumption; The bulk commodities in the steel industry are increasingly concentrated in high-end products; Which is steel. For iron, the demand for value preservation is not strong and there is no need to introduce it.
(3) Starting from 200 1, Shanghai Futures Exchange began to conduct market research on rebar and wire rod. Recently (referring to 2007), the person in charge said many times that he has made preparations for the listing of steel futures and completed the design of futures contracts and the formulation of trading rules.
(4) Steel futures will be accepted by steel rolling enterprises in the next 1-2 years. After all, the biggest challenge for steel rolling enterprises in the future is the large price fluctuation.
(5) The London Metal Exchange steel futures contract will be listed on February 25th, 2008; This is the first large exchange to list steel futures. Moreover, it is rumored that the NYSE will also launch steel futures.