Steel Futures Fact Card

  • 21 Sep 2012
  • By CME Group
  • Topics: Metals

Raw and Finished Products for the Bulk Commodities Industry

CME Group offers a suite of steel swap futures products, including ferrous scrap, which collectively constitute bulk freight products. Additional bulk commodity products available for both on- and off-Exchange transactions include dry freight and iron ore, moving toward a comprehensive offering that supports the entire supply chain from miners to steel mills, merchant traders to finished steel consumers, brokers and financiers.

While all may be cleared through CME ClearPort, read the attached fact card to learn each product’s contracts and availability trading on the New York trading floor.

Available steel futures products are:

  • HMS 80/20 Ferrous Scrap, CFR Turkey (Platts) Swap Futures (FSF)
  • European Hot Rolled Coil, Ex-Works Ruhr Germany (Platts) Swap Futures (NSF)
  • Steel Billet, FOB Black Sea (Platts) Swap Futures (SSF)

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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.