Protect margins, hedge physical positions, offer floating and fixed price physical transactions, and mitigate price risk more effectively with HRC Steel futures and options. The HRC Steel contract is settled against industry-approved price indices, disseminated by a respected price reporting agency.

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Features and benefits

More transparency

Access a central point of price discovery and transparency, with contracts settled against industry-leading price indexes. 

Greater capital efficiency

Gain competitive margin offsets between various ferrous and non-ferrous products.

Mitigate market risk

Benefit from effective hedging mechanisms for mining companies, steel mills, steel service centers, distributors, merchants and end-users.

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Review contract highlights

Contract Unit

20 short tons

Price Quotation

U.S. dollars and cents per short ton

Product Code

CME Globex: HRC
CME ClearPort: HR
Clearing: HR

Trading Hours

CME Globex:
Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each …


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