Steel Products
July 16, 2019
Written by Brett Linton
On Oct. 8-9, 2019, Steel Market Update will conduct our next Steel 101: Introduction to Steel Making & Market Fundamentals workshop in Cincinnati, Ohio. This workshop will include a tour of the Nucor Steel Gallatin Mill.
Attendees get to work with our experienced instructors and to interact with others coming from different market sectors and positions within the industry.
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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.