Futures
February 6, 2020
Hot Rolled Futures: Divergences Emerging
Written by Tim Stevenson
SMU contributor Tim Stevenson is a partner at Metal Edge Partners, a firm engaged in Risk Management and Strategic Advisory. In this role, he and his firm design and execute risk management strategies for clients along with providing process and analytical support. In Tim’s previous role, he was a Director at Cargill Risk Management, and prior to that led the derivative trading efforts within the North American Cargill Metals business. You can learn more about Metal Edge at www.metaledgepartners.com. Tim can be reached at Tim@metaledgepartners.com for queries/comments/questions.
The ferrous futures markets have been active recently, with some violent reactions to changing fundamentals as well as the spreading coronavirus. Some are comparing it to the SARS outbreak of 2003, but China is much bigger now – steel production has grown almost 5x from that year! The reactions have not only been in the ferrous metals but other commodities as well, as noted in previous SMU articles:
