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 OptionFerrousNYMEX4,20025,549
TIOTIOTIOTIOIron Ore 62% Fe, CFR China (TSI) FuturesFerrousNYMEX1,41713,352
PIO-PIOPIOIron Ore 62% Fe, CFR North China (Platts) Futures FerrousNYMEX0534
ICP-ICPICPIron Ore 62% Fe, CFR North China (Platts) Average Price OptionFerrousNYMEX00
Clearing CME Globex Floor CME ClearPort Product Name Sub Group Exchange Volume Open Interest
BUSBUS-BUSU.S. Midwest Busheling Ferrous Scrap (AMM) FuturesFerrousNYMEX0400
FSF-FSFFSFHMS 80/20 Ferrous Scrap, CFR Turkey (Platts) FuturesFerrousNYMEX00
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--FuturesNYMEX44020,482
NSF-NSFNSFEuropean Hot Rolled Coil, Ex-Works Ruhr Germany (Platts) FuturesMetalsFerrous--FuturesNYMEX00
RBR-RBRRBRChinese Steel Rebar HRB400 (Mysteel) FuturesMetalsFerrous--FuturesNYMEX00
SSF-SSFSSFSteel Billet, FOB Black Sea (Platts) FuturesMetalsFerrous--FuturesNYMEX00
Clearing CME Globex Floor CME ClearPort Product Name Sub Group Exchange Volume Open Interest
CFUCFICFUCFUCapesize Timecharter Average (Baltic) FuturesFreightNYMEX00
PFUPFIPFUPFUPanamax Timecharter Average (Baltic) FuturesFreightNYMEX00
HFTHFTHFTHFTHandysize Timecharter Average (Baltic) FuturesFreightNYMEX00
SFTSFTSFTSFTSupramax Timecharter Average (Baltic) FuturesFreightNYMEX00
CF2CF2CF2CF2Capesize 2014 Timecharter Average (Baltic) FuturesFreightNYMEX00
Clearing CME Globex Floor CME ClearPort Product Name Sub Group Exchange Volume Open Interest
ALW-ALWALWAustralian Coking Coal (Platts) Low Vol FuturesCoalNYMEX15939

Featured Product Resources

Contact Us

More in Metals