Config.
Marché
Rapport
Unité

COT North European HRC steel (Argus, COMEX)

Période
Échelle

As-of mardi · close vendredi · source CFTC

Long vs Short

Long et short en % d’OI (catégorie focus)

Δ 4 semaines

Variation du net vs le rapport d’il y a 4 semaines

Cette semaine

Catégorie Long Short Spreading Net Δ Long Δ Short Δ Net % OI long % OI short

Historique

Industrial metals · COMEX

What is North European HRC (Argus)?

North European hot-rolled coil

Satellite of US Midwest HRC steel (CRU, COMEX)

A long means…

Exposure to a rise in Argus North European hot-rolled coil — not US Midwest HRC.

What is this?

North European hot-rolled coil is the same flat product — the first sheet after the slab — on another continent. The future settles to the monthly average of Argus’s daily assessment, published in Argus Global Steel. Argus weights 75% of the index on trades and 25% on a survey of active participants. It is the European steel industry’s reference coil, feedstock for downstream flat products.

European mills and users hedge the hot-coil price here, distinct from the US Midwest CRU index.

Pitfalls

  • Euros and metric tons, not USD/short ton.
  • Argus, not CRU.
  • Not “world steel”.

Univers LIX

Le positionnement n’est pas le risque

Le COT décrit qui est positionné. Le LIX décrit le niveau de risque de marché — 12 indicateurs, hors COT.