The following article on the hot rolled coil (HRC) steel and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Steel Since the beginning of the year, the forward curve in CME HR futures has shifted down roughly $25/ST on average for […] The post HRC Futures: CME Steel Futures Comments appeared first on Steel Market Update.
Worthington Industries reported net sales of $958.2 million for its fiscal 2019 second quarter ended Nov. 30, a 10 percent increase over the same quarter in fiscal 2018. However, its quarterly earnings were not as strong. Operating income totaled $35.9 million, a decrease of $16.2 million from the prior-year quarter. “I am pleased with the […] The post Worthington Feels Margin Pressure from Tariffs appeared first on Steel Market Update.
Scrap Metal Services LLC has announced major changes in the roles of executive management. Effective Dec. 12, CEO Jeff Gertler and COO Rick Gertler have moved into board level positions as chairman and co-chairman of the company’s newly formed board of directors. The two will oversee financial performance, business development and relationship retention, but will […] The post SMS Announces Organizational Changes appeared first on Steel Market Update.
The following article on the hot rolled coil (HRC) steel and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Steel HR spot prices continued to fall this week breaking down through the $800/ST [$40/cwt] level. The HR futures followed suit. Futures […] The post Futures: HR and Scrap Forward Curve Steepness Moving in Opposite Directions appeared first on Steel Market Update.
The following article on the hot rolled coil (HRC) steel and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Steel HR futures have been subdued the last week or so. With spot HR and the Oct’19 settle both pegged at $831/ST, the […] The post HRC Futures: Near-Term HR Futures in Holding Pattern appeared first on Steel Market Update.
The following article on the hot rolled coil (HRC) steel and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Steel The mid-week spot price increase announcement by mills to $860/ST has curbed activity in the futures as participants try to digest the […] The post Futures: Mills’ Mid-Week HR Spot Price Increases Lead to HR Futures Trading Pause appeared first on Steel Market Update.
The following article on the hot rolled coil (HRC) steel and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Steel The HR spot market has continued to decline, however we have a bit of a divergence as the HR futures curve prices […] The post Futures: HR, BUS, and USSQ Q4’18 Futures Trading Higher appeared first on Steel Market Update.
The following article on the hot rolled coil (HRC) steel and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Steel Due to the Monday UK bank holiday and the Atlanta SMU Steel Summit Conference this week, we had a slow start to […] The post Steel Futures: Steep Backwardation Persists in Final Months of 2018 appeared first on Steel Market Update.
The following article on the hot rolled coil (HRC) steel and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Steel HR futures volumes rose sharply this week as decent volumes were traded in all months from Aug’18 through Jun’19. Over 72,000 […] The post Hot Rolled Steel and Scrap Futures: HR Volumes Up appeared first on Steel Market Update.
The following article on the hot rolled coil (HRC) steel and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Steel During the holiday week in the U.S., the HR futures markets have been thin, especially on the buy side of the market. […] The post Hot Rolled Futures: Markets Thin appeared first on Steel Market Update.