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The Shanghai Futures Exchange has opened public consultation on draft contracts for hot-rolled coil and stainless steel options, marking another step toward expanding China’s steel derivatives market.The feedback window will remain open until May 12, 2026. The proposed contracts are aimed at giving steel producers, traders and end-users more flexible tools to manage price volatility in an uncertain global market.
Hot-rolled coil and stainless steel are widely used across construction, manufacturing, automotive, infrastructure and consumer goods sectors. With steel prices increasingly influenced by demand shifts, raw material costs and geopolitical developments, options contracts can help market participants hedge risk more effectively.
For the steel industry, the move signals growing demand for advanced financial instruments linked to physical steel products. It may also improve market transparency, liquidity and risk-management practices in China’s steel trade ecosystem.If approved, the new options could strengthen SHFE’s role as a key platform for steel price discovery and hedging in Asia.
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