Steel Products
February 6, 2013
Written by Sandy Williams
Written by: Sandy Williams
ThyssenKrupp AG seems to make steel industry headlines almost every day, only most of the news is bad news. Dr. Heinrich Hiesinger, Chairman of the Executive Board summed things up pretty well in his opening remarks at the December press conference.
The facts are as follows:
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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.