Steel Products
July 15, 2020
Written by Brett Linton
Nominations for the 2nd annual SMU NexGen Leadership Award, sponsored by the Steel Manufacturers Association, close on Aug. 1. There’s still plenty of time to make your nominations!
The award is designed to recognize and celebrate the excellence of emerging leaders within the greater steel community.
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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.