NCDEX Launches India's First Price-Agency-Based Steel Scrap Futures Contract
The National Commodity Derivatives Exchange (NCDEX) has launched India's first steel scrap futures contract based on a price-reporting agency benchmark, HMS 80:20. This cash-settled contract, referencing BigMint Technologies' price assessments, aims to provide steelmakers and traders with a tool to hedge price risks and improve price transparency in India's fragmented steel scrap market. The contract features a 10-tonne trading unit, a maximum order size of 500 tonnes, and uses Mandi Gobindgarh as the basis centre. The initiative aligns with international standards and supports India's growing steel industry.
First-hand measurement across 4 sources
We measured how 4 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (59/100). Lens Score 36/100.
Outlets measured: economictimes, economictimes, freepressjournal, news18. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (52–68/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
news18 broke this story on 11 Nov, 11:19 am. Other outlets followed.