Contract Unit 20 gross tons
Price Quotation U.S. dollars and cents per gross ton
Trading Hours 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 day beginning at 4:00 p.m. (5:00 p.m. ET)
Minimum Price Fluctuation 1.0 per gross ton = $20.00
Product Code CME Globex: BUS
CME ClearPort: BUS
Clearing: BUS
Listed Contracts Monthly contracts listed for 24 consecutive months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the price assessment published on the 10th of that given calendar month for the Steel scrap No1 busheling, index, delivered Midwest mill, $/gross ton. If 10th falls into a holiday or weekend, the price will settle on the immediately following business day. 
Termination Of Trading Trading terminates on the 10th day of the contract month. If the 10th day is not a business day, trading terminates on the next business day.
Position Limits COMEX Position Limits
Exchange Rulebook COMEX 601
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing