Steel Products
November 17, 2017
Written by Sandy Williams
Cleveland Cliffs announced Friday that P. Kelly Tompkins, Executive Vice President and Chief Operating Officer, will begin his planned retirement effective Dec. 31, 2017.
Tompkins served as Cliff’s executive vice present and chief financial officer from April 2015 through December 2016 before assuming his current position in January 2017.
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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.