Ferrous Futures and Options
View All Ferrous MetalsThe ferrous metals market is one of the most widely used and largest physical commodity markets in the world. It is second in size only to the global energy industry.
CME Group’s suite of Ferrous products includes Iron Ore and Steel futures and options, offering risk management tools for these vital global commodities across the supply chain.
Our suite of Ferrous metals trade over-the-counter and cleared through CME ClearPort and CME Globex, offering you the protection of $8 billion of financial safeguards.
- Lock in profit margins and minimize supply chain risk
- Trade financially settled contracts against industry-leading price indices
- Get margin offsets across the Metals products suite
- Hedge effectively for mining companies, steel mills, steel service centers, distributors, merchants and end-users
- Hedge exposure to global economic growth
| Clearing | Globex | Floor | ClearPort | Product Name | Exchange | Product Group | Subgroup | Category | Subcategory | Cleared As | Volume | Open Interest |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HR | HRC | - | HR | U.S. Midwest Domestic Hot-Rolled Coil Steel (CRU) Index Futures | COMEX | Metals | Ferrous | - | - | Futures | 1,378 | 18,700 |
| EHR | EHR | - | EHR | North European Hot-Rolled Coil Steel (Argus) Futures | COMEX | Metals | Ferrous | - | - | Futures | 107 | 5,733 |
| BUS | BUS | - | BUS | U.S. Midwest Busheling Ferrous Scrap (AMM) Futures | COMEX | Metals | Ferrous | - | - | Futures | 125 | 3,965 |
| TIO | TIO | - | TIO | Iron Ore 62% Fe, CFR China (Platts) Futures | COMEX | Metals | Ferrous | - | - | Futures | 0 | 1,343 |
| FSF | FSF | - | FSF | HMS 80/20 Ferrous Scrap, CFR Turkey (Platts TSI) Futures | COMEX | Metals | Ferrous | - | - | Futures | 0 | 43 |
| HDG | HDG | - | HDG | U.S. Midwest Domestic Steel Premium (CRU) Futures | COMEX | Metals | Ferrous | - | - | Futures | 0 | 15 |
| HRP | HRP | - | HRP | U.S. Midwest Hot-Rolled Coil Steel (Platts) Futures | COMEX | Metals | Ferrous | - | - | Futures | 0 | 0 |
| ICT | ICT | - | ICT | Iron Ore 62% Fe, CFR China (Platts) Average Price Option | COMEX | Metals | Ferrous | - | - | Options | 0 | 0 |
| SHR | SHR | - | SHR | U.S. Midwest Shredded Scrap (Platts) Futures | COMEX | Metals | Ferrous | - | - | Futures | 0 | 0 |
Steel futures and options are a cost-effective hedging tool to protect profit margins and minimize risk along the steel supply chain
Discover a more efficient solution for hedging iron ore price exposure against marginal cost of production swings and supply side price squeezes.
Learn more about Iron Ore China Portside
Learn more about Iron Ore 62% Fe
Iron Ore fact sheet
Portside Iron Ore FAQ
Read an Argus whitepaper on Iron Ore
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