IISI to analyse the aspects of a possible futures contract
A meeting to discuss the issues regarding a possible futures contract in the industry was held recently by the International Iron and Steel Institutions (IISI) by the task force.
The task force includes representatives of important steel companies such as Arcelor,
BHP Steel, Corus, Celsa, CST, Dofasco, Ispat International, Kawasaki and Nippon Steel. This group will report to IISI executive committee in March.
The program scheduled to apply under the framework of such studies is not disclosed for the time being. But mainly the aim will be to outline the positive and negative aspects of a possible futures contract.