Steel Products
August 12, 2013
Written by Sandy Williams
By Sandy Williams
Olympic Steel reported net income of $2.5 million in the second quarter of 2013, down from $4.5 million in the same period 2012. Net income for the first half was $7.7 million compared with $10.8 million in the first half last year.
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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.