Otmane El Rhazi : Iron-ore derivatives trade gathers pace as steel consumers pile in

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

The derivatives market for iron-ore is reaching a tipping point in its strong growth as steel consumers pile in, with contracts traded outside China expected to reach around a billion tonnes this year. Iron-ore derivatives traded on the Singapore Exchange (SGX) have roughly doubled in volume each year since their launch in 2009, reaching around 550-million tonnes last year and forming an attractive revenue base for banks and brokers.