Ferrous Futures and Options

View All Ferrous Metals

The 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.

Key Benefits

  • 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

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Ferrous Products

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 229 23,323
BUS BUS - BUS U.S. Midwest Busheling Ferrous Scrap (AMM) Futures COMEX Metals Ferrous - - Futures 2 3,346
ICT ICT - ICT Iron Ore 62% Fe, CFR China (TSI) Average Price Option COMEX Metals Ferrous - - Options 0 2,960
TIO TIO - TIO Iron Ore 62% Fe, CFR China (TSI) Futures COMEX Metals Ferrous - - Futures 10 2,614
EHR EHR - EHR North European Hot-Rolled Coil Steel (Argus) Futures COMEX Metals Ferrous - - Futures 0 722
HDG HDG - HDG U.S. Midwest Domestic Steel Premium (CRU) Futures COMEX Metals Ferrous - - Futures 0 20
TIC TIC - TIC Iron Ore 58% Fe, Low Alumina, CFR China (TSI) Futures COMEX Metals Ferrous - - Futures 0 0
SHR SHR - SHR U.S. Midwest Shredded Scrap (Platts) Futures COMEX Metals Ferrous - - Futures 0 0
FSF FSF - FSF HMS 80/20 Ferrous Scrap, CFR Turkey (Platts) Futures COMEX Metals Ferrous - - Futures 0 0
HRP HRP - HRP U.S. Midwest Hot-Rolled Coil Steel (Platts) Futures COMEX Metals Ferrous - - Futures 0 0
Trade Date: 24 Sep 2020 | PRELIMINARY

Steel Futures and Options

Steel futures and options are a cost-effective hedging tool to protect profit margins and minimize risk along the steel supply chain

Learn more about Steel

Iron Ore Futures and Options

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

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