• SMU new site announcement banner
  • Skip to main content

    Steel Product Producers

    Friedman Expects Hedging Gains To Offset HRC Pricing Pressure

    Written by Laura Miller


    Longview, Texas-based steel processor Friedman Industries is anticipating steady demand in the current quarter.

    Downward pricing pressure on hot-rolled coil (HRC) will lead to lower margins, but this should be offset by hedging related gains, the company said in its earnings report for its fiscal 2024 first quarter ended June 30.

    Laura Miller

    Read more from Laura Miller

    Latest in Steel Product Producers