hot rolling
1. hot rolling, that is, hot rolling coil, takes slab (mainly continuous casting slab) as raw material, heats it and makes it into strip steel by rough rolling mill and finishing mill. The hot steel strip from the last finishing mill is cooled to the set temperature by laminar flow, and is coiled into a steel strip coil by a coiler, and the cooled steel strip coil.
Secondly, the specific types of hot coil futures trading in China belong to plate and wide steel strip. In the total output of hot-rolled coils, medium-thick and wide steel strip is the most representative and largest variety, with high strength and good toughness, which is widely used in life.
There are also hot-coil futures in the world, especially in the New York Mercantile Exchange, where two hot-coil futures are listed, namely HRC and NSF contracts, and there are also hot-coil futures in India, Japan and London.
3. China Hot Coil Futures 2014 March 2 1 was listed on the Shanghai Futures Exchange. The first batch of 9 contracts for hot-rolled coil futures are HC 1407, HC 1408, HC 1409, HC14, HC14.
4. Hot rolled coil itself is a relatively large steel grade in China steel industry. China is the largest producer, consumer and exporter of hot-rolled coils in the world, and many manufacturers have a strong demand for hedging risks and hedging. It enriches the ferrous metal futures product series, and provides a hedging and risk hedging tool not only for outstanding talent manufacturers, but also for plate manufacturers. The second is to introduce new steel products, especially hot-rolled coil, which is a global product with a high degree of internationalization, which can further reflect the pricing power of steel futures and form a certain international influence.