Steel Products
August 17, 2017
Written by John Packard
The response to this year’s SMU Steel Summit Conference has been overwhelming. So much so that we will close registrations as of the end of business on Friday, Aug. 18. As of Thursday afternoon, we had less than 5 seats remaining to be sold before we reached a standing room only situation.
The conference will be officially sold out for the first time in our seven-year history.
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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.