Steel Products
June 25, 2020
Written by John Packard
On Wednesday, July 1, we will host our next SMU Community Chat webinar. Our guest speaker will be Eddie Lehner, President & CEO of Ryerson. Ryerson is one of the largest flat rolled and plate (metals in general) service centers in North America.
You can register for the webinar, which will be held at 11 a.m. ET, by clicking on this link.
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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.