Steel Products
February 18, 2013
Written by John Packard
An ArcelorMittal spokesperson confirmed to Steel Market Update earlier today that their Cleveland facility had a fatality on Saturday afternoon. Local press reports are reporting the fatality occurred when the 50 year old man fell off a railroad car and into the path of an oncoming train.
The company provided the following information regarding the accident:
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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.