$664.00
-18[-2.71%]
as of 2024-07-26
What is U.S. Midwest Domestic Hot-Rolled Coil Steel?
Hot Rolled Coil steel is a finished steel product that is laid out in sheets or strips and then wound into a coil for shipping. It is most often used to produce automobiles, appliances, construction materials, shipping containers and steel pipes.
How large is an HRC futures contract?
Hot Rolled Coil steel futures contracts generally include 20 short tons of steel.
Should businesses hedge with steel futures contracts?
Yes, businesses can hedge with steel futures, but they must remember that there are Hot-Rolled Coil, Busheling Steel Scrap and Cash-Settled Steel contracts available.