The Multi Commodity Exchange of India (MCX) has commenced future trading in Mild Steel Ingots/Billets (STEELRPR) April 2013 contract which will be made available with effect from January 10, 2013. The exchange will be commencing the trading as per the Rules, Byelaws and Business Rules of the Exchange. Trading will be allowed only up to 5:00 p.m. on the date of expiry of the contract.
The contract specifications, trading parameters, delivery and settlement procedure of the contract issued by the Exchange shall be binding on all the members of the exchange and constituents trading through them.
MCX is a state-of-the-art electronic commodity futures exchange. MCX offers more than 40 commodities across various segments such as bullion, ferrous and non-ferrous metals, energy, and a number of agri-commodities on its platform.
