Steel Products
July 19, 2017
Written by Sandy Williams
United Steelworkers International President Leo Gerard says the Trump administration’s objectives for NAFTA don’t go far enough.
In a statement following publication of the objectives by the U.S. Trade Representative, Gerard said that although the USW has long supported renegotiation of NAFTA, protection for workers in the U.S., Canada, and Mexico has been supplanted by corporate interests.
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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.