CME Group

Our U.S. hot-rolled coil price assessment is used by CME for their ‘U.S. Midwest Domestic Hot-Rolled Coil Steel Futures and Options Contracts’.

Futures Contract specification:

Trading unit: (lot size) 20 short tons
Price quotation: US dollars and cents per short ton
Trading months: 24 consecutive months
Settlement: Financial, against CRU’s U.S. Midwest assessments
Trading symbol: HR

Options Contract specification:

Trading unit: (lot size) 20 short tons
Price quotation: US dollars and cents per short ton
Trading months: 24 consecutive months
Settlement: Financial, against CRU’s U.S. Midwest assessments
Trading symbol: HRO

For further details, visit www.cmegroup.com/metals

As the world’s largest and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.

CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort®. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.

Member Metals Service Center Institute

We are members of the MSCI which is a trade association that supports and represents the most elements of the metals value chain, including metals producers, distributors, and processors and, to a lesser extent, the interests of metals users.

Because its primary membership consists of metals service centers – businesses that inventory and distribute metals for industrial customers and perform first-stage processing – MSCI is ideally situated to identify and respond to the networking, educational, public policy, and research needs of the entire metals community, and not just a narrow portion of it.

MSCI has more than 350 members operating from about 1,200 locations in the U.S., Canada, Mexico, and elsewhere around the world. Together, MSCI members constitute the largest single group of metals purchasers in North America, amounting each year to more than 75 million tons of steel, aluminum and other metals, with about 300,000 manufacturers and fabricators as customers.

Assofermet

ASSOFERMET is the Italian Association of the trading, distribution and pre-processing companies of iron and steel products, of traders in non-ferrous metals and traders of scrap and raw materials for the metal industry.

ASSOFERMET ACCIAI represents the Italian companies trading, distributing and pre-processing iron and steel products. Its member companies employ more than 13.000 people (employees and workers) and handle approximately 90% of the whole Italian steel distribution, providing thorough, efficient and qualified service to the industry. ASSOFERMET ACCIAI members serve more than 160.000 companies in the most diverse industries.

ASSOFERMET METALLI NON FERROSI represents Italian companies active in the trade of rough and semi-processed non ferrous metal scrap. Approximately 80% of the domestic requirement of non-ferrous metals is covered by Assofermet members, which employ more than 10.000 people.

ASSOFERMET ROTTAMI represents the Italian companies active in the trading of scrap and raw materials for the industry. Its members recover and process about 80% of ferrous scrap consumed every year by the Italian steel and metal industry.