套期保值是期货市场的基本功能之一,是期货市场产生和发展的基础,钢铁企业运用螺纹钢和线材期货套期保值能有效地锁定或规避经营活动中的风险。但随着现代全球经济的快速发展,尤其是衍生品工具的日益丰富,传统的套期保值理念已经不能够满足现代企业管理风险的需要,而且往往管理层会对企业的套期保值行为产生一些误解,进而影响到套期保值的 Hedging is one of the basic functions of the futures market. It is the basis for the emergence and development of the futures market. Iron and steel enterprises use hedging of wire rod and wire futures to effectively lock or evade risks in their business activities. However, with the rapid development of the modern global economy, especially the increasingly rich derivative instruments, the traditional concept of hedging can no longer meet the needs of modern enterprise management risk, and often management will produce some hedging behavior of enterprises Misunderstanding, and thus affect the hedging