Steel Products
July 8, 2021
Written by Brett Linton
Learn how to build and execute your company’s risk strategy.
Would you like to take control of the price risk in your steel business in these uncertain times? With wild swings in steel prices now the norm rather than the exception, Steel Market Update, in conjunction with CRU and the CME Group, are here to help.
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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.