Steel Products
December 17, 2019
Written by John Packard
Registration for the 2020 SMU Steel Summit Conference is now open. You can register through our website: www.SteelMarketUpdate.com/Events/Steel-Summit or through the CRU website.
2020 Conference Dates: Monday, Aug. 24-Wednesday, Aug. 26
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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.