 "Steel")
Widening its product horizon beyond diamond derivatives, the Reliance ADAG-anchored Indian Commodity Exchange (ICEX) is all set to commence futures trading in steel long beginning Tuesday.
Initially, three contracts expiring in November 2018, December 2018 and January 2019 will be available for trading. The trading lot size and delivery unit of the contract is 10 MT, with compulsory delivery at Ghaziabad the designated delivery location. The price will be quoted ex-warehouse Ghaziabad (basis centre) exclusive of goods and services tax (GST) and other levies, but inclusive of basic customs duty and other related duties in case of imports.
The futures trading
