Steel Product Producers

August 15, 2023
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.


