The world's largest ferrous scrap market is set to get a boost from the impending launch of a futures contract on China's Dalian Commodity Exchange (DCE).
The scrap futures contract will be based on shredded scrap, which is one of the key steelmaking raw materials for steel mills in China and can be used by all kinds of furnaces, DCE senior manager Yang Shuai said at an industry conference in southern China last week.However, Yang did...