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You are a contractor for a carmaker. You build transmission parts using Steel. If you want to hedge the price risk of Steel, you need

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You are a contractor for a carmaker. You build transmission parts using Steel. If you want to hedge the price risk of Steel, you need to (BUY) or (SELL) Futures on Steel? Recall: a Futures contract is signed between a buyer and a seller. The buyer agrees to buy the underlying product (here Steel) and the seller agrees to sell the underlying product. BUY SELL No answer text provided. No answer text provided

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