Steel Products
February 18, 2013
Written by Sandy Williams
Written by: Sandy Williams
After six months of decline, the Empire State Manufacturing Survey business conditions index rose into positive territory in February. The index climbed 18 points to register 10—the highest level since July 2012.
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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.