Mumbai, May 27 -- National Stock Exchange of India Limited (NSE) has signed a Memorandum of Understanding (MoU) with the Steel Users Federation of India (SUFI) to collaborate on the development and growth of the steel and commodity derivatives ecosystem in India.

According to NSE, the partnership aims to create a "robust, transparent and efficient price-risk management framework" for participants in the Indian steel industry, enabling them to hedge price volatility through exchange-traded derivatives.

The initiative is expected to benefit stakeholders across the steel value chain, including steel manufacturers, processors, MSMEs, OEMs, infrastructure companies and end-users.

Under the MoU, NSE and SUFI will jointly work on product desi...