Steel Products
August 8, 2023
Written by Becca Moczygemba
GrafTech International posted sequential improvement in the second quarter but continues to recover from the effects of the suspension of its Mexican operations in late 2022.
The restart of the manufacturer’s Monterrey, Mexico operations was announced in November 2022.
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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.