Steel Products
August 13, 2013
Written by John Packard
Each month Steel Market Update will update our Monthly customers regarding the pricing cycles and any changes which occurred during the month.
The month of July saw a continuation of the “up” pricing cycle which began on May 22nd when U.S. Steel announced a $50 per ton price hike. The goal for the
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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.