BSE, Indias 2nd Largest Commodity Exchange, executes deliveries of 90 MT in BSE SUFI Steel futures in first month

BSE, India's leading and most diverse exchange, announced that it has completed one month since launch of SUFI Steel futures contracts on the exchange platform, and has facilitated the delivery to the tune of 90 MT in the first full expiry cycle at the exchange designated delivery centre in Raipur.

The contract was launched by Shri Sajjan Jindal, Chairman and Managing Director of JSW Group on July 22, 2021, who had highlighted the lack of a transparent benchmark for steel industry. BSE is confident that the successful completion of the delivery process will encourage more participants in the value chain to use the BSE SUFI Steel billets futures contracts going forward.

BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market.BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. On October 1, 2018, BSE launched commodity derivatives trading in Gold, Silver, Copper, Oman Crude Oil Guar Gum, Guar Seeds & Turmeric.