CME Virtual Steel Mill

  • 28 Nov 2011
  • By CME Group
  • Topics: Metals

The Virtual Steel Mill: a Comprehensive Derivatives Program for the Ferrous Industry

Steel Market Update recognized a couple of years ago the potential value of the HR Futures markets as a way for steel companies to control price volatility within the flat rolled steel markets. We also looked at the Futures markets as a potential sales tool for steel mills and steel service centers who are working with manufacturing companies as a way to potentially provide long-term firm pricing for their various steel contracts.

In July 2010 the Steel Market Update newsletter began producing weekly articles about the Hot Rolled Futures markets, the number of transactions being made on a weekly basis and pricing trends (including the CME Group HRC Forward Curve). We used experts in the field to produce our articles. 

We also publish this information on our website at least once per week:
www.steelmarketupdate.com