Steel Products
March 13, 2013
Written by Peter Wright
Written by: Peter Wright
Sheet steel shipments in January were 4,343,000 tons, an increase of 322,000 tons over December’s volume. These figures are shipments to domestic locations plus exports based on the AISI AIS10 and Commerce Department trade reports.
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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.