Borsa İstanbul Derivatives Market (VIOP) participated in the TSI Scrap Seminar organized by the Steel Index in Istanbul on June 11.

Borsa İstanbul VIOP Financial Derivatives Unit Director Kamil Güzel delivered a presentation on scrap steel futures contracts to domestic and foreign sector representatives. Güzel informed the audience on the contracts traded on VIOP, the latest developments in the market as well as the developments in the steel sector, adding that scrap steel futures contracts play a key role in hedging for scrap prices, where the volatility is extremely high. Güzel also mentioned that scrap steel prices in Turkey are significant indicators for the international market, emphasizing that the scrap steel futures contracts traded on VIOP may be a significant indicator for the sector. At the end of the seminar, a Q&A session was held, allowing the participants to receive detailed information on the market and the contracts traded. Sector participants showed considerable interest in scrap steel futures contracts.