U.S. Midwest No. 1 Busheling Ferrous Scrap (AMM) Futures

  • 10 Oct 2012
  • By CME Group
  • Topics: Metals

Addresses Risk Across the Steel Supply Chain

CME Group's NYMEX Exchange now offers a U.S. Midwest #1 Busheling ferrous scrap (AMM) futures contract to meet the rising need of industry participants to manage price risk. This new contract is part of our Virtual Steel Mill suite of products, which addresses risk across the steel supply chain such as steel scrap yard, processor, distributor, merchant, trader and end-user risk. The contract is available for trading virtually around the clock on CME Globex, our electronic trading platform, as well as for submission for clearing through CME ClearPort.

View Fact Card