CCFE to list steel scrap contracts

The contracts, expected to launch later this year, will be traded and cleared on CCFE's platform and will be based on WSD's SteelBenchmarker price indices.

"The WSE fits the mission of CCFE; it represents an expansion of our environmental products portfolio and it offers a unique risk-management tool for the steel industry, scrap dealers and other market participants," says Richard Sandor, chairman and founder of CCFE.