How NYMEX’s Steel Futures Contracts Relate to the Physical Steel Markets
The steel industry is a central part of the global economy. According to the World Steel Association, global steel production was over 1.8 billion metric tons in 2018, an increase of 4.6% on the previous year1. Alongside growth in the physical market, the use of NYMEX’s steel derivatives has also increased in recent years, as increased price volatility drives a need for commercial hedging strategies2.
All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
