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

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Ferrous and Related Commodities Products

Clearing CME Globex Floor CME ClearPort Product Name Subgroup Exchange Volume Open Interest
ICT ICT ICT ICT Iron Ore 62% Fe, CFR China (TSI) Average Price Option Ferrous NYMEX 320 21,390
TIO TIO - TIO Iron Ore 62% Fe, CFR China (TSI) Futures Ferrous NYMEX 495 16,988
PIO PIO - PIO Iron Ore 62% Fe, CFR North China (Platts) Futures Ferrous NYMEX 0 946
TIC TIC - TIC Iron Ore 58% Fe, Low Alumina, CFR China (TSI) Futures Ferrous NYMEX 0 0
ICP ICP ICP ICP Iron Ore 62% Fe, CFR North China (Platts) Average Price Option Ferrous NYMEX 0 0
Trade Date: 02 Dec 2016 | PRELIMINARY

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 Subgroup Exchange Volume Open Interest
BUS BUS - BUS U.S. Midwest Busheling Ferrous Scrap (AMM) Futures Ferrous NYMEX 0 452
FSF FSF - FSF HMS 80/20 Ferrous Scrap, CFR Turkey (Platts) Futures Ferrous NYMEX 0 0
Trade Date: 02 Dec 2016 | PRELIMINARY

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 Exchange Product Group Subgroup Category Subcategory Cleared As Volume Open Interest
HR HRC - HR U.S. Midwest Domestic Hot-Rolled Coil Steel (CRU) Index Futures NYMEX Metals Ferrous - - Futures 120 14,656
SSF SSF - SSF Steel Billet, FOB Black Sea (Platts) Futures NYMEX Metals Ferrous - - Futures 0 0
NSF NSF - NSF European Hot Rolled Coil, Ex-Works Ruhr Germany (Platts) Futures NYMEX Metals Ferrous - - Futures 0 0
Trade Date: 02 Dec 2016 | PRELIMINARY

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 Subgroup Exchange Volume Open Interest
CFU CFI - CFU Capesize Timecharter Average (Baltic) Futures Freight NYMEX 0 0
PFU PFI - PFU Panamax Timecharter Average (Baltic) Futures Freight NYMEX 0 0
HFT HFT - HFT Handysize Timecharter Average (Baltic) Futures Freight NYMEX 0 0
SFT SFT - SFT Supramax Timecharter Average (Baltic) Futures Freight NYMEX 0 0
CF2 CF2 - CF2 Capesize 2014 Timecharter Average (Baltic) Futures Freight NYMEX 0 0
Trade Date: 02 Dec 2016 | PRELIMINARY

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 Subgroup Exchange Volume Open Interest
ALW ALW - ALW Australian Coking Coal (Platts) Low Vol Futures Coal NYMEX 6 974
Trade Date: 02 Dec 2016 | PRELIMINARY

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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