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U.S. Midwest Hot-Rolled Coil Steel (Platts) Futures Contract Specs

Contract Unit 20 short tons
Price Quotation U.S. dollars and cents per short 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 1.00 per short ton = $20.00
Product Code CME Globex: HRP
CME ClearPort: HRP
Clearing: HRP
Listed Contracts Monthly contracts listed for the current year and the next 3 calendar years.  Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year.
Settlement Method Financially Settled
Floating Price The floating price for each contract month is equal to the arithmetic average of the Platts TSI HRC US EXW Indiana price assessment calculated for all available price assessments published in the contract month.
Termination Of Trading Trading terminates on the last business day of the contract month.
Exchange Rulebook COMEX 921
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing