Steel Products
June 19, 2022
Written by John Packard
The 2022 SMU Steel Summit Conference, which will be held at the Georgia International Convention Center in Atlanta, is just 63 days away.
The dates for this year’s conference are Aug. 22-24. We begin with a pre-Summit program at 9 a.m on Aug. 22. The official start of the conference will be at 1 p.m. The conference concludes on Aug. 24 at 2:30 p.m.
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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.