IN BRIEF (Page 14)
China Daily | Updated: 2009-03-25 07:53
Steel futures trade
The Shanghai Futures Exchange will begin trading in steel contracts from March 27. The move is expected to help steelmakers hedge against financial risks. Steel reinforcement bars and wire-rod contracts will be traded, the Shanghai Futures Exchange said in a statement on its website, without giving further details. Commodity trading volumes in Shanghai, Dalian and Zhengzhou surged 87 percent last year as demand for raw materials and price volatility lured investors.
SASAC for more controls
Photo
