Steel Products
December 27, 2017
Written by Sandy Williams
Construction firms are encouraged by recent regulation cuts and passage of the tax reform bill. The Associated General Contractors of America notes that firms are adding jobs in anticipation of stronger market conditions in 2018.
Between October and November, 39 states added construction jobs. Forty states added construction jobs between November 2016 and November 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.