DGCX set to launch rebar steel contract
07 Sep 2007
by Paul Francis-Grey, Colin Packham, Sydney
Dubai Gold and Commodities Exchange (DGCX) will eventually launch its Dubai domestic rebar steel futures contract on 29 October following a delayed attempt to roll out the contract in July.
Steel rebar is a fundamental commodity for the economy of Dubai and the UAE, and its price is highly volatile, Colin Griffith, DGCX's chairman told FO Week at the 28th Swiss Futures and Options Association conference in Montreaux.
Originally scheduled for a summer launch the Dubai exchange put back...