Steel Products
August 12, 2013
Written by John Packard
One of the key items watched by Steel Market Update is service center spot pricing. Service centers have the ability to support price increases or signal the market that spot increases will fail.
According to the manufacturing companies participating in our mid-July steel market survey, service centers are
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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.