Reuters reprtoed that Europe's stainless steel industry is no longer uniformly opposed to an exchange traded contract.

Mr Heinz H Pariser industry expert said that two of Europe's five main stainless producers are now open to the idea of a contract.

Mr Pariser, who heads Alloy Metals & Steel Market Research, said that "Two big producers are more positive about that but it will take another three years before it will be discussed widely enough and accepted in the industry."

(Sourced from www.reuters.com)