Steel Products
August 14, 2013
Written by John Packard
Written by: John Packard
June apparent steel supply came in at 8,728,000 tons which was a 3.75 percent decline compared to the previous year. As you can see by the graphic below, all of the categories came in below June 2012 data.
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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.