Steel Products
June 16, 2020
Written by John Packard
Industry analyst Donald Bly, managing director of Applied Value, will offer his perspective on the steel market at 11 a.m. today (Wednesday) during the next SMU Community Chat.
As with every Community Chat webinar, this event is free to the public. Click here to register.
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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.