Steel Products
May 3, 2022
Written by John Packard
SMU is looking for the Next NexGen Leadership Award Winner. The NexGen Leadership Award process is now open and accepting nominations.
What is the NexGen Leadership Award?
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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.