North European Hot-Rolled Coil Steel (Argus) Futures Contract Specs
| Contract Unit | 20 metric tons | ||||
| Price Quotation | Euro dollars and cents per metric ton | ||||
| Trading Hours | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | ||||
| Minimum Price Fluctuation | 1.00 per metric ton = €20.00 | ||||
| Product Code | CME Globex: EHRCME ClearPort: EHRClearing: EHR | ||||
| Listed Contracts | Monthly contracts listed for 12 consecutive months. | ||||
| Settlement Method | Financially Settled | ||||
| Floating Price | The Floating Price for each contract month is equal to the average price calculated for all available price assessments published for “HRC EXW Ruhr/ Northern Europe” by ARGUS for that calendar month. | ||||
| Termination Of Trading | Trading terminates on the last London business day of the contract month. If this is not an U.S. business day, trading terminates on the prior London and U.S. business day. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | COMEX 971 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Price Limit Or Circuit | Price Limits | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
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