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CME To Offer Coking Coal Swap Futures

The Chicago Mercantile Exchange will roll out a coking coal swap futures contract on July 25.

    TheChicago Mercantile Exchange(CME) will roll out a coking coal swap futures contract on July 25,Reutersreports. The new offering, which will be listed on theNew York Mercantile Exchange, will be cleared throughCME ClearPort.

    The unit will get added to CME’s other steel-related contracts, including ferrous scrap cost-and-freight Turkey swap and U.S. Midwest hot-rolled steel. The contract will be settled against Platts indexes.

    Click here for the story fromReuters.

    Click here for additional coverage fromSteelOrbis.

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