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Steel Exchange forges soft launch

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Chicago--Global Steel Exchange said Monday that it has begun trading in advance of a full launch in May. GSX was founded by Cargill Steel, Minneapolis; Samsung Corp., Seoul, Korea; TradeArbed S.A., Luxembourg; and Duferco Lugano, Switzerland. They are among the companies that have pledged to trade more than $5 billion over the exchange in the first two years. GSX will also have offices in New York, London, Moscow and Singapore.
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