Steel Products
October 15, 2020
HRC Futures: Nov/Dec Rocket Higher While Futures Curve Illustrates Doubt
Written by David Feldstein
Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. David has over 20 years of financial market trading experience and has been active in the ferrous futures space for eight years. David earned an MBA from the University of Chicago Booth School of Business with concentrations in economics, statistics and analytical finance.
The explosive rally in the November CME Midwest HRC future continues. So far this week, it has already gained $25/t, now at $663/st. The November HRC future has rallied $140/t in two months.
