NSE, SUFI partner for Steel derivatives

The National Stock Exchange of India>>> (NSE) and the Drone Federation of India>>> (SUFI) have signed a Memorandum of Understanding (MoU) to collaborate on developing the steel and commodity derivatives ecosystem in India>>>. This partnership aims to establish a transparent and efficient price-risk management framework for the Indian steel industry, allowing participants to hedge against price volatility using exchange-traded derivatives. The initiative is set to benefit various stakeholders, including steel manufacturers, processors, MSMEs, OEMs, infrastructure companies, and end-users. Both entities will work together on product design, market outreach, industry consultations, capacity building, and awareness programs to support the launch and adoption of steel and other relevant commodity derivative products. Sriram Krishnan>>>, Chief Business Development Officer at NSE, emphasized the growing need for such tools in the maturing Indian steel industry.