HRC Steel


HRC Steel Meaning:
In commodity market terminology, HRC Steel refers to a futures contract traded on the New York Mercantile Exchange or NYMEX for Hot Rolled Coil steel delivered in the Mid-Western United States. HRC Steel is used in critical engineering applications and pipe-making, as well as in the automotive industry and elsewhere.

HRC Steel Example:
HRC Steel futures contracts trade on the NYMEX, as well as on Globex and Clearport, under the symbol HR. The futures contract unit is 20 short tons and prices are quoted in U.S. Dollars with a tick value of $5/ton. HRC Steel