Steel Futures
View Contract SpecsSteel futures and options at CME Group are a cost-effective hedging tool to complement your strategy and minimize risk along the steel supply chain. Mitigate steel and steel scrap price exposure with exchange-traded, cash-settled futures.
Protect margins, hedge physical long positions, offer floating and fixed price physical transactions, and mitigate their steel price risk more effectively with Steel futures. The contract is settled against industry-approved price indices, disseminated by respected pricing agencies.
Hot-Rolled Coil Steel (CRU), Hot-Rolled Coil Steel (Platts), North European Hot-Rolled Coil Steel (Argus), Busheling Ferrous Scrap (AMM), HMS 80/20 Ferrous Scrap, CFR Turkey (Platts), and Iron Ore 62% Fe, CFR China (TSI) are part of CME Group’s global suite of Steel futures contracts
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NOW LIVE: European Steel Options
North European Hot-Rolled Coil Steel (Argus) Average Price Options will be based on the price assessment published by Argus Media each business day of the contract month. The options will be quoted in euros per metric ton and have a contract size of 20 metric tons.
Financially settled against industry-leading price indices
Effective hedging mechanisms for mining companies, steel mills, steel service centers, distributors, merchants and end-users
Superior price transparency and dissemination of data
Competitive margin offsets between various ferrous and non-ferrous products
If you are new to the concept of hedging your Steel price risk, our educational module and video could help you to gain more insights on how you could benefit from hedging your Steel price exposure with CME Group Steel Futures.
CME Institute offers a variety of courses to help you understand how to hedge steel price risk using CME Group futures contracts.
If you are already a CME Direct user you can easily download and apply the CME Direct grid for Steel Futures.
- Right click on the button below
- Save the file as an .XML on your computer
- In CME Direct, select import view in the main menu
- Import the grid into CME Direct
| 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 | 618 | 24,181 |
| EHR | EHR | - | EHR | North European Hot-Rolled Coil Steel (Argus) Futures | COMEX | Metals | Ferrous | - | - | Futures | 708 | 9,679 |
| BUS | BUS | - | BUS | U.S. Midwest Busheling Ferrous Scrap (AMM) Futures | COMEX | Metals | Ferrous | - | - | Futures | 0 | 1,413 |
| FSF | FSF | - | FSF | HMS 80/20 Ferrous Scrap, CFR Turkey (Platts TSI) Futures | COMEX | Metals | Ferrous | - | - | Futures | 0 | 120 |
| 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 |
| EHO | EHO | - | EHO | North European Hot-Rolled Coil Steel (Argus) Average Price Option | COMEX | Metals | Ferrous | - | - | Options | 0 | 0 |
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