Steel Products
February 13, 2018
Written by Sandy Williams
Tariffs are an option to stop steel dumping, said President Donald Trump at a bipartisan meeting of legislators this morning.
“I want to keep prices down, but I want to make sure that we have a steel industry,” said Trump, according to a Bloomberg report.
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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.