CME Group has selected Platts’ physical price data as the basis for three new industrial steel futures contracts, including scrap, billet and hot-rolled coil. The total number of CME Group contracts settled and cleared against physical market price assessments published by Platts has reached nearly 450 with the recent deal. Platts’ ferrous scrap, steel billet and hot-rolled coil physical market price assessments are published in Platts Steel Markets Daily and are also available through Platts Metals Alert and Platts Market Data. The McGraw-Hill subsidiary also provides price, supply/demand information and news across the steel value chain, including reinforcement bar.
Click here for the release from PR Newswire.