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Steel Futures: Ready for Prime Time? Steel Futures and Options May Be Coming Your Way--Like It Or Not. Here's Where They Fit Into the Metals Market Landscape (Trading Techniques)

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Title: Steel Futures: Ready for Prime Time? Steel Futures and Options May Be Coming Your Way--Like It Or Not. Here's Where They Fit Into the Metals Market Landscape (Trading Techniques)
Author : Paul D. Cretien
Release Date : January 01, 2010
Genre: Business & Personal Finance,Books,
Pages : * pages
Size : 71 KB

Description

This is the year that steel futures and options came of age. Both the London Metal Exchange (LME) and CME Group (Nymex) are expanding their metal operations with respect to steel futures, although progress toward global pricing and trading of steel futures was made first by LME. Before the initiation of steel futures trading by LME in 2008, a futures market in steel was not without controversy. Many producers would prefer to stay with the traditional negotiated contracts for pricing their products. The fear expressed by some producers and users of steel is that futures trading attracts too much speculation--more than the amount needed to offset normal hedging risk and enough to cause disruptive price movements.