| The volume of iron ore financial derivatives cleared against The Steel Index (TSI) hit a fresh record of more than 6.6 million tonnes in August, topping $1 billion in a single month for the first time, TSI said on Monday.
The derivatives of the key steelmaking raw material, including swaps and options, have attracted growing interest from industry players to investment banks to trade the commodity in a move to hedge wider risk from the 1-billion-tonne seaborne iron ore market..............................................Full Article: Source
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