Steel Products
July 24, 2017
Written by John Packard
John Packard and Ray Culley of Steel Market Update (SMU) spoke with Michael Smerconish of CNN and Sirus XM Radio on Monday afternoon as we prepare for one of the most dynamic finishes to any steel-related conference program.
The title of his presentation is, “How did we get here (politically) and what will it take to get out?”
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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.