Futures
June 10, 2021
Hot Rolled Futures: Are We There Yet?
Editor’s note: SMU contributor Bryan Tice is a partner at Metal Edge Partners, a firm engaged in Risk Management and Strategic Advisory. In this role, he and the firm design and execute risk management strategies for clients along with providing process and analytical support. Before joining Metal Edge Partners, Bryan held a variety of commercial leadership roles involving purchasing, sales, and risk management for Feralloy Corporation, Cargill Steel Service Centers and Plateplus Inc. You can learn more about Metal Edge at www.metaledgepartners.com. Bryan can be reached at Bryan@metaledgepartners.com.
It has been over 90 degrees this last week here in Minneapolis. Hot rolled coil is firmly above $1600 per ton. Boy, is it is getting hot up here! With most schools out on summer break, it seems as good a time as any to take a vacation. Like many of you, I will travel this summer. Having lived far away from my childhood hometown for the last 15 years, my family is accustomed to long car rides. We hit the highway and spend 10+ hours in the car in pursuit of a week of quality time with parents, siblings and extended family. During those road trips when my kids were young, I was guaranteed to get at least four or five “are we there yet” questions from the back seat.
