Steel Products
February 22, 2018
Written by Sandy Williams
Russel Metals has announced it will acquire the operating assets and facilities of DuBose Steel in Roseboro and Fayetteville, N.C.
DuBose Steel is a full-line structural steel service center operation with value-added processing capabilities serving customers in the Southeast and along the East Coast. The company posted revenues of $66.8 million in its last fiscal year.
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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.