AI-based metals exchange Fetch.ai makes first trade in ferrous scrap

摘要

London—Fetch.ai, a decentralized metals exchange using artificial intelligence- powered blockchain technology, has conducted its first trade in ferrous scrap, an exchange spokeswoman said Wednesday. A batch of 10,000 mt of HMS 1&2 75/25 heavy melting scrap was traded between 2 million mt/year capacity Turkish steelmaker Bastug Metallurgy and one of its suppliers, the spokeswoman said.