CME launches hot-rolled coil options contract

Dec 13, 2011 | 06:06 PM | Anne Riley

Tags  steel, HRC hot rolled coil, steel options, steel futures, CME Group risk management

NEW YORK — CME Group Inc. launched its new hot-rolled coil steel options contract this week, giving steel producers and users an alternative to the exchange’s existing steel futures contract for managing risk.

The new financially settled contract—which was announced in November but went live Monday—will allow participants to buy put or call options in 20-short-ton units in order to help mitigate their price risk, according to the Chicago-based exchange.....

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