CRU has been publishing prices for a comprehensive range of commodities since 1980. A lot has changed over the last three decades but one thing that hasn't is our philosophy:
"To produce unbiased, objective and impartial prices
that accurately reflect the underlying market"
Our unwavering commitment to this philosophy has led to widespread adoption of our price assessments by physical and financial market players all over the world. Across the mining, metals and fertilizers markets we produce over 500 regular price assessments, including CRU's market-leading US Midwest hot-rolled coil price benchmark (HRC) which is used to settle the CME's hot-rolled futures contract since it was launched in October 2008.
CRU's US Midwest HRC price is the leading benchmark for the North American steel industry, relied on by 85% of those who use a benchmark to settle contracts, according to independent market research. The CRU HRC price, often known as 'The CRU', is more popular than the next two providers combined.
Our reputation for robustness and transparency, and the fact that we follow the internationally recognised IOSCO principles on high quality price assessment, mean that our clients can rely on CRU. We base assessments on a strong and transparent methodology, with trained price assessors and expert analysts working together to ensure prices are unbiased and accurate. If you have prices embedded in contracts you can trust CRU's team and methodology to provide certainty and continuity.
Nick Edwards, General Manager – Steel on CRU's Prices and Prices Service
CRU's prices are accessed via subscription with a variety of delivery options:
- CRU Monitors: weekly and monthly prices along with detailed analysis, covering a comprehensive range of steel and non-ferrous metals
- CRU Prices Service incorporating Ryan's Notes: CRU provides the prices that are most important to you on a system which gets them to you as fast as possible; is easy to use on any device; includes the market updates which help you understand what is affecting price in the immediate term
- Fertilizer Week: provides weekly updates for over 200 key benchmark fertilizer prices, with short-term forecasts, news and market updates
To find out more visit our Prices Products
Sign up for a free trial here.
Using CRU prices in contracts
We base price assessments on a strong and transparent methodology, with trained price assessors and expert analysts working together to ensure prices are unbiased and accurate. If you have prices embedded in contracts you can trust CRU's team and methodology to provide certainty and continuity. We believe there are four main criteria for choosing a prices provider on which to base contracts:
- Robustness and transparency of methodology
- Experience of team of price assessors
- Comprehensiveness of prices offered
- Availability of an accurate historical price series
Any company that relies on CRU prices to settle contracts will need to ensure that it has the right licence arranged with CRU. This is different from a standard subscription and allows clients to use prices in a way that is legally compliant.
To find out more about using CRU prices to settle contracts, email email@example.com
Need to validate a CRU price from a supplier?
If you wish to validate a price you have received from a counterparty we can in most cases confirm whether it is an official CRU price reference free of charge.
Simply email the file received from your supplier along with the name of the CRU price and date you wish to validate to: firstname.lastname@example.org
"Absolute value for money: great analysis and detailed data strings on major markets."
Casper Burgering, Senior Sector Economist, ABN AMRO, Netherlands
"CRU US Midwest prices are a very good indicator of where the market is moving."
Brian Ptashnik, Director - Purchasing, Tower International, USA
"Consistently reliable, trustworthy. With CRU, accuracy is as good as it can get."
David Leitner, Procurement Manager, Dorel Industries, Canada