Steel Products
August 19, 2023
Written by Becca Moczygemba
Though steel prices continue to drop, more buyers are holding off on finalizing transactions.
Steel Market Update’s survey this week asked participants how they are doing under current market conditions. SMU’s current buyer’s gauge shows that 55% of participants are active buyers, while 45% are on the sidelines.
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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 […]
Testing 1 Please access https://cruonline.crugroup.com/analysis Internal link – https://stage-steelmarketupdate-cru.content.pugpig.com/terms-of-use/ What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen […]
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