Steel Products
August 19, 2013
Written by John Packard
Surma to Step Aside on September 1st
US Steel’s Board of Directors has elected Mario Longhi as chief executive officer effective Sept. 1. Longhi will succeed John Surma who will retain the position of executive chairman until his retirement from the company December 31.
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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.