Steel Products
June 9, 2019
Written by John Packard
Here we discuss the agenda, speakers and what we were thinking as we put together Day 2 of the SMU Steel Summit Conference, which is Tuesday, August 27, 2019.
7:00 AM to 8:00 AM – Doors Open at the Georgia International Convention Center
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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.