Steel Products
April 7, 2020
Written by John Packard
John Packard of Steel Market Update and Josh Spoores, Principal Analyst and Editor of the Steel Sheet Monitor for CRU, are hosting a webinar tomorrow. Spoores will discuss the CRU steel forecast for 2020-2021, if mill reductions are enough to adjust to forecast demand and, if time permits, maybe a few comments on the HRC price index.
Details are as follows:
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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.