Steel Products
May 17, 2022
Written by John Packard
Update on SMU Steel Summit Conference
We have now registered more than 500 executives for the 2022 SMU Steel Summit Conference, which will be held in Atlanta on August 22-24. We will once again be at the Georgia International Convention Center, which is located right next to the Atlanta International Airport (ATL).
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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.