STEEL-HRC COT report

STEEL-HRC - COMMODITY EXCHANGE INC. positioning from the CFTC Legacy report. Net positions equal long contracts minus short contracts. Commercial, non-commercial and non-reportable classifications describe participants; they are not buy or sell signals.

Positions as of 2026-10-27. Open interest: 44073 contracts. This is the latest stored observation, not live trading data.

How are traders positioned?

Non-commercial percentile: 52 across 103 stored observations. This is the share of sampled net positions at or below the latest value, not a price forecast.

Historical AI commentary — 2026-06-30

This commentary is dated separately from the positioning table. It may describe an earlier market environment.

SUMMARY: Steel-hrc positioning is at a historic extreme, with Managed Money net longs at the 100th percentile and Producer/Merchant net shorts at the 0th percentile. This extreme crowding has historically led to significant downside over a 12-week horizon, with all similar weeks in the PCA analysis showing negative returns. The immediate implication is a high risk of a sharp mean-reverting decl...

How should this COT report be used?

Use positioning to understand exposure and crowded trades alongside price, liquidity and risk controls. Weekly reports generally describe Tuesday positions released on Friday, subject to the CFTC schedule. Classifications differ in TFF and Disaggregated reports. Compare like-for-like formats and dates.

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