Iron Ore, Steel, Coking Coal and Dry Freight Futures

Comprehensive Hedging Tools for the Volatile Ferrous Metals Marketplace

The ferrous metals market, which includes iron ore and steel, along with related products, is the second largest commodity market by volume after crude oil. 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 dollars of financial safeguards through CME Clearing, our suite of ferrous metals and related products are traded over-the-counter and sent for clearing through CME ClearPort, ensuring payment is made according to agreement. Join the more than 17 thousand registered CME ClearPort users and enjoy the efficiency, economy, and security of managing ferrous industry price risk from one point of contact.

Steel Hedging Guide

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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Futures & Options Trading

As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through the CME Globex electronic trading platform and trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort.

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CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, and COMEX.