World Steel Exchange Marketing LCC (WSEM), founded by World Steel Dynamics (WSD), has announced that US Shredded Steel Scrap TSI Index futures trading will begin on the Nasdaq Commodities Exchange (Stockholm) on March 29. The 20-gross-ton USA Midwest shredded steel contract will be listed, and quoted, for the current month and each of the next 11 months. The contract will final settle on the 11th day of each month against the Midwest US Shredded Steel Scrap TSI Index price.
Other Nasdaq ferrous futures products soon to be trading Midwest US hot rolled coil, 62% Fe iron ore CFR China, Australian exported coking coal, and ASEAN hot rolled coil.