NCDEX Launches India's First Steel Scrap Futures Contract Based on Price Benchmark
The National Commodity Derivatives Exchange (NCDEX) launched India's first steel scrap futures contract based on a price-reporting agency benchmark, HMS 80:20, to help steelmakers and traders hedge price risks. The contract, linked to BigMint Technologies' price assessments, features a 10-tonne trading unit and cash settlement at Mandi Gobindgarh, Punjab. This initiative aims to improve price discovery and risk management in India's fragmented steel scrap market, aligning with international standards.
First-hand measurement across 2 sources
We measured how 2 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 (54/100). Lens Score 36/100.
Outlets measured: freepressjournal, news18. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (52–55/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
news18 broke this story on 11 Nov, 11:19 am. Other outlets followed.