The global steel market consists of thousands of companies and hundreds of products that together represent one of the largest commodity markets in terms of value after crude oil. Steel market participants are exposed to volatility in prices all along the production and distribution chain - in terms of raw materials, transportation, fabrication and the steel market itself. Hot-rolled coils (HRCs) are among the major finished steel products, accounting for 40 percent of U.S. sheet steel production. Each day, liquid and transparent futures markets successfully help mitigate price risk in a wide range of markets - including energy, precious metals, agricultural products, currencies and interest rates - and CME Group will bring the same advantages to steel with U.S. Midwest Domestic Hot-Rolled Coil Steel futures and options.
As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. Comprised of four exchanges - CME, CBOT, NYMEX and COMEX - we offer the widest range of global benchmark products across all major asset classes, helping businesses everywhere mitigate the myriad of risks they face in today's uncertain global economy.
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