Ferrous Metals Products

View All Ferrous Metals

The ferrous metals market, the second largest commodity market by volume after crude oil, includes Iron Ore, Steel, Coking Coal, and Dry Freight Futures. CME Group’s Ferrous Metals Futures and Options offer risk management opportunities for these vital global commodities across the supply chain, in tandem with changing industry structure and demands. 

Backed by $8 billion of financial safeguards through CME Clearing, our suite of ferrous metals and related products are traded over-the-counter and cleared through CME ClearPort, ensuring payment is made according to agreement.

Key Service Features

  • Financial Settlement
  • Margin offset across the metals product suite
  • HRC options to maximize your price risk hedging flexibility
  • Extensive list of clearing firms available to open customer accounts
  • Effective hedging mechanisms for mining companies, steel mills, steel service centers, distributors, merchants and end-users

Ferrous and Related Commodities Products

Clearing CME Globex Floor CME ClearPort Product Name Sub Group Exchange Volume Open Interest
ICT-ICTICTIron Ore 62% Fe, CFR China (TSI) Average Price OptionFerrousNYMEX034,994
TIOTIO-TIOIron Ore 62% Fe, CFR China (TSI) FuturesFerrousNYMEX15015,261
PIOPIO-PIOIron Ore 62% Fe, CFR North China (Platts) Futures FerrousNYMEX0400
ICP-ICPICPIron Ore 62% Fe, CFR North China (Platts) Average Price OptionFerrousNYMEX00
Trade Date: 03 Sep 2015 | FINAL

Note: Volume and Open Interest data is from the previous trade date. Preliminary data updates at approximately 9:00 p.m. CT and the final update is at 10:00 a.m. CT next business day.

Clearing CME Globex Floor CME ClearPort Product Name Sub Group Exchange Volume Open Interest
BUSBUS-BUSU.S. Midwest Busheling Ferrous Scrap (AMM) FuturesFerrousNYMEX0300
FSFFSF-FSFHMS 80/20 Ferrous Scrap, CFR Turkey (Platts) FuturesFerrousNYMEX00
Trade Date: 03 Sep 2015 | FINAL

Note: Volume and Open Interest data is from the previous trade date. Preliminary data updates at approximately 9:00 p.m. CT and the final update is at 10:00 a.m. CT next business day.

Clearing Globex Floor ClearPort Product Name Product Group Sub Group Category Sub-Category Cleared As Exchange Volume Open Interest
HRHRC-HRU.S. Midwest Domestic Hot-Rolled Coil Steel (CRU) Index FuturesMetalsFerrous--FuturesNYMEX520,580
NSFNSF-NSFEuropean Hot Rolled Coil, Ex-Works Ruhr Germany (Platts) FuturesMetalsFerrous--FuturesNYMEX00
SSFSSF-SSFSteel Billet, FOB Black Sea (Platts) FuturesMetalsFerrous--FuturesNYMEX00
Trade Date: 03 Sep 2015 | FINAL

Note: Volume and Open Interest data is from the previous trade date. Preliminary data updates at approximately 9:00 p.m. CT and the final update is at 10:00 a.m. CT next business day.

Clearing CME Globex Floor CME ClearPort Product Name Sub Group Exchange Volume Open Interest
CFUCFI-CFUCapesize Timecharter Average (Baltic) FuturesFreightNYMEX00
PFUPFI-PFUPanamax Timecharter Average (Baltic) FuturesFreightNYMEX00
HFTHFT-HFTHandysize Timecharter Average (Baltic) FuturesFreightNYMEX00
SFTSFT-SFTSupramax Timecharter Average (Baltic) FuturesFreightNYMEX00
CF2CF2-CF2Capesize 2014 Timecharter Average (Baltic) FuturesFreightNYMEX00
Trade Date: 03 Sep 2015 | FINAL

Note: Volume and Open Interest data is from the previous trade date. Preliminary data updates at approximately 9:00 p.m. CT and the final update is at 10:00 a.m. CT next business day.

Clearing CME Globex Floor CME ClearPort Product Name Sub Group Exchange Volume Open Interest
ALWALW-ALWAustralian Coking Coal (Platts) Low Vol FuturesCoalNYMEX0771
Trade Date: 03 Sep 2015 | FINAL

Note: Volume and Open Interest data is from the previous trade date. Preliminary data updates at approximately 9:00 p.m. CT and the final update is at 10:00 a.m. CT next business day.

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