Steel Products
August 26, 2013
Written by Sandy Williams
USW Local 8782 and US Steel have concluded negotiations in Pittsburgh but rumors have been rampant about what kind of deal, if any, has been made to resolve the lockout that has been ongoing at Lake Erie Works since April 28.
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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.