DGCX plans to launch steel, fuel futures

Dubai Gold and Commodities Exchange (DGCX) has planned to launch a steel futures contract in early 2007, according to David Rutledge, CEO of Dubai Multi Commodities Centre (DMCC).

The contracts were developed by DMCC and have been penciled to be launched on the Dubai exchange early next year. The contract unit for the country's domestic steel contract would be ten metric tonnes, with minimum price fluctuation set for 10 cents per metric tonne. It would be...