Steel Products
December 9, 2018
Written by Tim Triplett
Trade attorney and Steel Market Update contributor Lewis Leibowitz offers the following update on events in Washington:
In the week following the G20 summit meeting in Buenos Aires, there is more uncertainty than ever about the U.S.-China negotiations over tariffs.
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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.