Steel Products
November 3, 2018
Written by Sandy Williams
United Steelworkers and ArcelorMittal have reached a tentative agreement on a new four-year labor contract after months of negotiating.
USW International President Leo Gerard and USW District 1 Director David McCall praised the union’s hard work, dedication and solidarity during the bargaining period.
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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.