Since launching in March 2020, The European HRC futures contract, available on CME Group’s COMEX exchange, has quickly established itself in the marketplace. The contract is financially settled based on an Argus price assessment. Trading so far has been highly encouraging, with many participants active both on screen and via OTC brokers. We look at three uses cases why the product can make valuable contributions to the European steel industry.
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.
