Steel Products
August 26, 2013
Written by John Packard
A quick note to advise SMU will publish through Thursday evening and then will be down for the Labor Day Holiday Weekend. We will be back up on Tuesday, September 2nd.
Tuesday, September 2nd will also be the beginning of our next steel market survey.
As always your business is truly appreciated by all of us here at Steel Market Update.
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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.