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

Contract Unit 20 short tons
Price Quotation U.S. dollars and cents per short ton
Trading Hours 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)
Minimum Price Fluctuation $1.00 per short ton
Product Code CME Globex: HRC
CME ClearPort: HR
Clearing: HR
Listed Contracts The current year plus the next two calendar years.
Settlement Method Financially Settled
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.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 920
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing