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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.
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 Product Slate
Coking Coal
Australian Coking Coal (Platts) Swap Futures (ACL)
Australian Coking Coal (Platts) Low Vol Swap Futures (ALW)
Australian Coking Coal (Argus) Low Vol Swap Futures (ACR)
Iron Ore
Iron Ore 62% Fe, CFR North China (Platts) Swap Futures (PIO)
Iron Ore 62% Fe, CFR China (PLATTS) Average Price Options (ICP)
Iron Ore 62% Fe, CFR China (TSI) Swap Futures (TIO)
Iron Ore 62% Fe, CFR China (TSI) Average Price Options (ICT)
Scrap
HMS 80/20 Ferrous Scrap, CFR Turkey (Platts) Swap Futures (FSF)
Steel
European Hot Rolled Coil, Ex-Works Ruhr Germany (Platts) Swap Futures (NSF)
Steel Billet, FOB Black Sea (Platts) Swap Futures (SSF)
U.S. Midwest Domestic Hot-Rolled Coil (HRC) Steel Index futures
