February 18, 2009 / 6:44 AM / 11 years ago

Shanghai to launch steel futures on Mar. 9 -brokers

BEIJING, Feb 18 (Reuters) - The Shanghai Futures Exchange, the country’s sole metals futures bourse, plans to launch steel product futures on March 9, brokers familiar with the situation said on Wednesday.

Steel wire and steel reinforce bar will be two listed futures series, they said, adding that steel products from Baosteel and Tangshan Iron and Steel had been recognised as standard products for settlement. (Reporting by Coco Li, writing by Alfred Cang; Editing by Jonathan Hopfner)

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