The CME Group sent me an email advising SMU that the group had set a record volume for hot rolled steel coil futures (HRC) during the month of January with 6,214 contracts (20 tons per contract = 124,280 short tons). The previous record was set in November 2011 with 5,205 contracts (104,100 short tons). The HR Futures and associated markets continue to receive more visibility and SMU recommends those buying and selling steel at least become aware of the various products and how they can be used to either help (or hurt) your company. We have two workshops on the subject: February 9th in Houston, Texas and April 11th at the Chicago Board of Trade (CME Group) in Chicago. Information can be found on our website in the Events section of the site or you can contact our office: info@steelmarketupdate.com