Steel Products
August 24, 2021
Written by Tim Triplett
Here’s the Steel Summit program for Wednesday, Aug. 25, at the Georgia International Convention Center in Atlanta:
7 a.m. – Doors open at GICC. All day beverage sponsored by Felux and pastries sponsored by Ratner Steel
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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.