Steel Products
March 21, 2013
Written by John Packard
Lead times continue to be quite short on all but Galvalume. Hot rolled lead times retreated to —- weeks based on the results from our ongoing SMU steel survey. Cold rolled and galvanized lead times remained relatively stable compared to the beginning of the month.
I’m now testing as an author user to see if I can add new tags in the right rail or using quick edit.I will check if I can trick the CMS and create a new tag via “Tags” in Main menu on the left hand side.I’m also testing if I can use existing tags and […]
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.