On 27 March 2009, The Shanghai Futures Exchange commenced Steel Futures trading after it had received approval from The China Securities Regulatory Commission to launch Rebar and Wire Rod Futures contracts.
The Contract Specifications are:-
Rebar
- Contract Size:- 10 tons
- Contract months:- January - December
- Quality specification(s) Standard Products:- As specified in Steel for Reinforced Concrete - Part 2: Hot- Rolled Ribbed Bars, GB1499.2-2007. Categories:- HRB400 or HRBF400. Bars of one diameter:-16mm, 18mm, 20mm, 22mm, 25mm
- Substitutes:- As specified in Steel Reinforced Concrete Part 2: Hot-Rolled Ribbed Bar, GB 1499-2-2007. Categories:-HRB335 or HRBF335. Bars of one diameter:- 16mm, 18mm, 20mm, 22mm, 25mm
Wire Rod
- Contract months:- January - December
- Quality specification(s) Standard Products:- As specified in Steel for Reinforced Concrete Part 1: Hot-Rolled Plains Bars, GB 1499.1-2008. Category:- HPB235. Bars of one diameter:- 8mm.
- Substitutes:- As specified in Steel for Reinforced Concrete Part 1. Hot-rolled Plains Bars, GB 1499.1-2008. Category:- HPB235. Bars of one diameter:- 6.5mm