Steel Products
January 4, 2013
Written by Sandy Williams
Written by: Sandy Williams
U.S. automakers had a banner year in 2012. When all the totals are in, analysts expect annual sales to top 14.5 million, the best performance in five years. A variety of factors contribute to the boom in car sales including lower interest rates, less unemployment, and an average car age of 11 years in the U.S.
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It has been a crazy 2024 so far for hot-rolled coil (HRC) futures!!! “It’s not crazy, it’s hot rolled.” This chart shows the steeply backwardated Midwest HRC futures curve on Jan. 3 plummeting between $186 to $241 in the front three months, evolving into the curve six weeks later on Feb. 12. CME hot-rolled coil […]
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Though steel prices continue to drop, more buyers are holding off on finalizing transactions.