Announcement On The Release Of The Shanghai Futures Exchange Hot-Rolled Coil And Stainless Steel Futures Contract Specifications And Rules

The SHFE Stainless Steel Futures Contract Specifications, the SHFE Hot-Rolled Coil Futures Contract Specifications, the Stainless Steel Futures Rules of the Shanghai Futures Exchange,and the Hot-Rolled Coil Futures Rules of the Shanghai Futures Exchange have been adopted by the Board of Directors of Shanghai Futures Exchange (SHFE) and reported to the China Securities Regulatory Commission. These revised rules and contract specifications are hereby released, and shall take effect on November 20, 2025.

The stainless steel that conforms to the specifications of JIS G 4305: 2021 can be used for physical delivery starting from November 20, 2025. The stainless steel that conforms to the specifications of JIS G 4305: 2012 cannot be used for physical delivery starting from May 20, 2026, and the existing standard warrants can still be used for physical delivery.

The hot-rolled coil that conforms to the specifications of JIS G 3101-2024 can be used for physical delivery starting from November 20, 2025. The hot-rolled coil that conforms to the specifications of JIS G 3101-2015 cannot be used for physical delivery starting from May 20, 2026, and the existing standard warrants can still be used for physical delivery.

Please visit the official website of SHFE for the Chinese version. If there is any discrepancy between the English version and the Chinese version, the Chinese version shall prevail.

Appendixes:

1. Revision Explanation

2. Comparative Table

3. The SHFE Stainless Steel Futures Contract Specifications

4. The SHFE Hot-Rolled Coil Futures Contract Specifications

5. The Stainless Steel Futures Rules of the Shanghai Futures Exchange

6. The Hot-Rolled Coil Futures Rules of the Shanghai Futures Exchange