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U.S. Midwest Domestic Hot-Rolled Coil Steel (CRU) Index Futures Contract Specs

Product Symbol HRC, Clearing: HR
Venue CME Globex, CME ClearPort
Hours
(All Times are New York Time/ET)
CME Globex: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Contract Size 20 short tons
Price Quotation U.S. dollars and cents per ton
Minimum Fluctuation $1.00 per short ton
Floating Price The floating price for each contract month is equal to the average price calculated for all available price assessments published for that given month by the CRU U.S. Midwest Domestic Hot-Rolled Coil Steel Index.
Termination of Trading Trading terminates on the business day prior to the last Wednesday of the named contract month.
Listed Contracts The current year plus the next two calendar years.
Settlement Type Financial
Settlement Procedure Daily U.S. Midwest Domestic Hot-Rolled Coil Steel Index Futures Settlement Procedure (PDF)
Position Limits NYMEX Position Limits
Rulebook Chapter 920
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.