Steel Products
March 6, 2013
Final Thoughts
Written by John Packard
The CME Group announced it had record volumes for its NYMEX U.S. Midwest Hot-Rolled Coil Steel Index futures (HRC) and options (HRO). During the month of February HRC futures recorded 6,619 contracts eclipsing the previous record set in January 2012 of 6,214 contracts. At the same time HRO (options) contracts which have only been available for a much shorter time than HRC futures – traded 1,350 contracts, surpassing the previous monthly high of 1,000 set in August 2012.
If you would like to learn more about the HRC and HRO (along with the BUS – which is ferrous scrap futures using AMM Midwest #1 Busheling) derivatives markets. How to use the products – and not use the products – Steel Market Update and Andre Marshall, CEO of Crunch Risk, LLC along with the CME Group will be holding a Managing Price Risk workshop at the NYMEX in New York City on Friday, April 26, 2013. Information about the program and registration for the workshop is on our website: www.SteelMarketUpdate.com in the Events section (just click on the banner at the top when the workshop pops up).
