Post LME-takeover, Hong Kong Stock Exchange poses a challenge to Singapore for dominance in iron ore trading

Last week Hong Kong Exchanges and Clearing started trading iron ore futures, challenging Singapore’s leading position as futures trader for the commodity used in steelmaking. According to Bloomberg, the dollar-denominated futures contracts will go head to head with those offered by SGX, which started its first swap contracts in 2009 and is now the world’s largest […]

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China wants EU steelmakers to be ‘rational’ about overcapacity issue – report

Riled by protests in Brussels by struggling European steelmakers demanding a stop to a flood of cheap Chinese imports, analysts in China hit back saying steel exports from the world’s second-biggest economy were within international trade norms. “China’s steel exports are strictly in line with the international trade rules, and European steel industry representatives should […]

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