Futures

Steel Futures - U.S. Midwest Domestic Hot-Rolled Coil Steel

Listed by CME Group on October 20, 2008

Click For Current Open Interest & Settle Prices

HR Product Description
Contract Type	Futures contract
Contract Size	20 short tons
Underlying Currency	U.S. dollars
Minimum Price Quotation	$5.00 per ton
Trading Months	18 consecutive trading months
Settlement Type	Financial
Final Settlement	The average of the prices reported by CRU Indices during the contract month for the reference index
Trading Venue	ClearPort Clearing and CME Globex
Last Trading Day	Last business day prior to last Wednesday of the month
Daily Settlement Prices	Exchange compilation of broker prices and CME Globex
Margins	Margins are required for open futures positions
CME Globex Trading Hours	Electronic trading is conducted via the CME Globex® trading platform from 6:00 PM Sundays through 5:15 PM Fridays, Eastern Time, with a 45-minute break each day between 5:15 PM and 6:00 PM. Off-Exchange transactions can be submitted solely for clearing to the NYMEX ClearPort® clearing website as an exchange of futures for swaps (EFS) or exchange of futures for physicals (EFP) transaction until 5:15 PM, Monday through Friday, and the day preceding a holiday.

CME Group is the trademark of CME Group, Inc.

The Globe logo, Globex® and CME® are trademarks of Chicago Mercantile Exchange, Inc.

CBOT® is the trademark of the Board of Trade of the City of Chicago.

NYMEX, New York Mercantile Exchange, and ClearPort are trademarks of New York Mercantile Exchange. Inc.

COMEX is a trademark of Commodity Exchange, Inc.

Settlement Based on CRU Steel Prices

U.S. Midwest Domestic Hot-Rolled Coil Steel futures are based on prevailing market prices for HRC steel in the U.S. Midwest region and derived from an index developed by CRU Indices Ltd. The index is characterized by the use of fully transparent and verifiable data based on the volume of prompt physical transactions occurring between buyers and sellers throughout the industry supply chain. The frequency of reporting will be weekly, on each Wednesday, with each reportable price representing the average transaction price for the previous calendar week.

To learn more about the index visit www.crusteelprices.com.

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