Steel Futures

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Steel futures and options at CME Group are a cost-effective hedging tool to protect profit margins 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), 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

Key Benefits

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

Download the Steel Futures and Blocks Grid

If you are already a CME Direct user you can easily download and apply the CME Direct grid for Steel Futures.

  1. Right click on the button below
  2. Save the file as an .XML on your computer
  3. In CME Direct, select import view in the main menu
  4. Import the grid into CME Direct

HRC Futures (.xml) HRC Blocks (.xml)

Steel Futures Product Information

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 NYMEX Metals Ferrous - - Futures 853 18,864
BUS BUS - BUS U.S. Midwest Busheling Ferrous Scrap (AMM) Futures NYMEX Metals Ferrous - - Futures 13 2,836
FSF FSF - FSF HMS 80/20 Ferrous Scrap, CFR Turkey (Platts) Futures NYMEX 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: 22 Jul 2019 | PRELIMINARY

Steel Essentials

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