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Home / Metal News / Iron Ore Derivatives Association Plans to Disband Immediately

Iron Ore Derivatives Association Plans to Disband Immediately

Jan 29, 2012 15:41

Source:SMM

An association representing traders and brokers of iron ore swaps said it’s disbanding and will discontinue publishing forward price assessments.

Jan. 27 (Bloomberg) -- An association representing traders and brokers of iron ore swaps said it’s disbanding and will discontinue publishing forward price assessments.

The Iron Ore and Steel Derivatives Association, a nonprofit group, “could not meet the liquidity requirements to operate,” it said by e-mail today. The association’s members include BHP Billiton, Morgan Stanley Capital Group and Cargill International, according to its website.

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