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Steel Billet, FOB Black Sea (Platts) Futures Quotes Globex

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    • All market data contained within the CME Group website should be considered as a reference only and should not be used as validation against, nor as a complement to, real-time market data feeds.
Month Charts Last Change Prior Settle Open High Low Volume Hi / Low Limit Updated
AUG 2016 Show Price Chart - - 317.00 - - - 0 No Limit 17:41:34 CT
25 Aug 2016
SEP 2016 Show Price Chart - - 320.00 - - - 0 No Limit 17:41:34 CT
25 Aug 2016
OCT 2016 Show Price Chart - - 315.00 - - - 0 No Limit 17:42:28 CT
25 Aug 2016
NOV 2016 Show Price Chart - - 315.00 - - - 0 No Limit 17:41:36 CT
25 Aug 2016
DEC 2016 Show Price Chart - - 315.00 - - - 0 No Limit 17:41:36 CT
25 Aug 2016
JAN 2017 Show Price Chart - - 323.00 - - - 0 No Limit 17:41:23 CT
25 Aug 2016
FEB 2017 Show Price Chart - - 323.00 - - - 0 No Limit 17:41:50 CT
25 Aug 2016
MAR 2017 Show Price Chart - - 323.00 - - - 0 No Limit 17:41:36 CT
25 Aug 2016
APR 2017 Show Price Chart - - 338.00 - - - 0 No Limit 17:41:36 CT
25 Aug 2016
MAY 2017 Show Price Chart - - 338.00 - - - 0 No Limit 17:41:09 CT
25 Aug 2016
JUN 2017 Show Price Chart - - 338.00 - - - 0 No Limit 17:42:34 CT
25 Aug 2016
JUL 2017 Show Price Chart - - 343.00 - - - 0 No Limit 17:41:28 CT
25 Aug 2016
AUG 2017 Show Price Chart - - 343.00 - - - 0 No Limit 17:41:38 CT
25 Aug 2016
SEP 2017 Show Price Chart - - 343.00 - - - 0 No Limit 17:41:17 CT
25 Aug 2016
OCT 2017 Show Price Chart - - 343.00 - - - 0 No Limit 17:41:42 CT
25 Aug 2016
NOV 2017 Show Price Chart - - 343.00 - - - 0 No Limit 17:41:05 CT
25 Aug 2016
DEC 2017 Show Price Chart - - 343.00 - - - 0 No Limit 17:41:30 CT
25 Aug 2016
JAN 2018 Show Price Chart - - 360.00 - - - 0 No Limit 17:41:18 CT
25 Aug 2016
FEB 2018 Show Price Chart - - 360.00 - - - 0 No Limit 17:41:26 CT
25 Aug 2016
MAR 2018 Show Price Chart - - 360.00 - - - 0 No Limit 17:42:34 CT
25 Aug 2016
APR 2018 Show Price Chart - - 360.00 - - - 0 No Limit 17:41:31 CT
25 Aug 2016
MAY 2018 Show Price Chart - - 360.00 - - - 0 No Limit 17:41:11 CT
25 Aug 2016
JUN 2018 Show Price Chart - - 360.00 - - - 0 No Limit 17:41:05 CT
25 Aug 2016
JUL 2018 Show Price Chart - - 360.00 - - - 0 No Limit 17:41:30 CT
25 Aug 2016
AUG 2018 Show Price Chart - - 360.00 - - - 0 No Limit 17:42:14 CT
25 Aug 2016
SEP 2018 Show Price Chart - - 0.00 - - - 0 No Limit 17:42:25 CT
25 Aug 2016

About Steel Billet

Steel billet swap futures and futures are hedging and price risk management tools against the volatile steel industry. As a steel product, steel billet is semi-finished and is produced in standardized merchant grades. It can be easily and relatively cheaply stored because it is less prone to damage than other steel end-products.

Benefits of trading steel billet include:

  • Lock in profit margin with protection from adverse price movement
  • Improve ability to budget
  • Guarantee cash flow

Things to know about the contracts:

  • Settlement is financial
  • Can be traded electronically on CME ClearPort or via open outcry (New York)
  • Trading is conducted in 24 consecutive months
  • Contract size is 100 metric tons
  • Price quotation is in U.S. Dollars and Cents per metric ton
  • NYMEX Position Limits

Read the Steel Billet Fact Card