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 consolidate in quiet trading week as the market absorbs the anticipated first decline in the HR index since the […] The post Shorter Lead Times, Auto Inventories Affecting Futures Markets 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 Finally getting some traction in HR futures here this past week as prices declined along the curve and especially in the […] The post Hot Rolled Futures: Gaining Some Traction 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 It has been an active week even with the CME closed for Martin Luther King Day. This past week we have […] The post Hot Rolled Futures: Active Week Despite MLK Day appeared first on Steel Market Update.
The following article on the hot rolled coil (HRC) and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Steel Futures HR futures have been quiet going into the holiday week as reflected both in the curve values and in the spot […] The post Hot Rolled Futures: Thin Trading Due to Holiday Week appeared first on Steel Market Update.
The following article on the hot rolled coil (HRC) and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Steel Interesting futures markets in steel lately. Today Q1’17 HR traded at $625/ST, 1,200 ST/mo. Also Jan/Feb’17 HR traded at $625/ST, 500 ST/mo. […] The post Hot Rolled Futures: Q1 ’17 Trades at $625 appeared first on Steel Market Update.
The following article on the hot rolled coil (HRC) 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 The Hot Rolled futures market this past week has been characterized by limited trading activity. There have been numerous […] The post Hot Rolled Futures: Limited Trading Activity appeared first on Steel Market Update.
The following article on the hot rolled coil (HRC) and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Steel What a difference a week makes. Last week we were flush with HR offers but buyers were scarce this week the market view appears […] The post Hot Rolled Futures Calling a Price Move Higher? appeared first on Steel Market Update.
Steel Market Update ferrous scrap sources advised us over the weekend that scrap negotiations have wrapped up between the dealers and the domestic mills and that steel mills, once again, have walked away the winners as scrap prices dropped across the country. However, the weakest areas are those furthest away from the east coast where […] The post Scrap Prices Drop for October: Are We Near a Bottom? appeared first on Steel Market Update.
The following article on the hot rolled coil (HRC) and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: The focus in HR this past week has been primarily in Q4’16 and 1H’17. Futures prices have dropped to the psychological $500 level […] The post Hot Rolled Futures Drop to the Pychological $500 Level appeared first on Steel Market Update.
Nucor Corporation announced today that it has agreed to acquire Independence Tube Corporation (ITC), a leading independent manufacturer of hollow structural section (HSS) steel tubing, for $435 million, or approximately 6x average EBITDA over the 2013-2015 period. “Independence Tube is a natural fit with Nucor. Their business model is similar to ours with extremely efficient […] The post Nucor to Acquire Independence Tube Corp. appeared first on Steel Market Update.