CRU U.S. Midwest HDG Coil Index to Be Used in Settlement of New CME Futures Contract

CRU’s U.S. Midwest hot-dipped galvanized (HDG) coil base price index will be used in the settlement of the CME Group’s new cash-settled U.S. Midwest Domestic Steel Premium (CRU) Futures contract. As announced earlier today by CME Group, the contract will settle on the premium of CRU’s HDG coil base price over the established CRU U.S. Midwest HRC index and is due to launch on March 23, 2020.

Having served the market for over 30 years, CRU’s U.S. Midwest HDG coil base price adheres to exactly the same methodology as CRU’s recognized U.S. Midwest HRC price. It is based exclusively on transaction data, is volume-weighted, a balanced representation of buyers and sellers and is overseen by expert industry analysts based in Pittsburgh. CRU has a number of steel and other commodity specialists based here and elsewhere in North America.