Steel Products
August 15, 2017
Written by Tim Triplett
Trucking industry revenues hit $676.2 billion in 2016, nearly 80 percent of the nation’s total freight bill, reports the American Trucking Associations in the trade group’s just released “ATA American Trucking Trends 2017” report.
Among the findings in this year’s edition:
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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.