After holding steady for most of January, the hot rolled (HR) index has started to gain some downward momentum. In the last 30 days, it has declined $89 per short ton (st) and is sitting just above $1,000/st. The post HRC futures: Momentum picking up on HR spot price declines appeared first on Steel Market Update.
After a holiday period that saw HR futures volumes somewhat muted in December, the first week of January brought with it increased interest reflected in higher volumes. The post HRC futures: Ferrous indexes do not reflect future price expectations appeared first on Steel Market Update.
What has happened since the August hot rolled (HR) settlement ($767 per short ton)? The post HRC Futures: Hedgers Getting Off Sidelines appeared first on Steel Market Update.
After surprising the market watchers of HR futures in the first week of May, the index finally gave back $40 per short ton (ST) in the second week, coming in just shy of $1,130/ST. Interestingly, the May futures settlement was almost unchanged from April 10 . While the market may be in a hurry for price […] The post Futures: The Slow Erosion of HR Prices appeared first on Steel Market Update.
What a difference a month makes in light of a difficult forecast environment for hot rolled (HR) prices. The mills have been raising HR spot prices faster than folks can track, and the futures appear to be in lockstep as lead times continue to extend. While steel capacity utilization rate seems stuck in the mid-70% […] The post HR Futures, Spot Prices Move Higher As Lead Times Extend appeared first on Steel Market Update.
The following article on the hot-rolled coil (HRC), scrap and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Hot Rolled This futures market has no direction currently, summing up the sentiment in hot rolled as of late. After a slight index […] The post Hot Rolled Futures: Faulty Compass Leaves Market Participants Sidelined appeared first on Steel Market Update.
The following article on the hot-rolled coil (HRC), scrap and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Hot Rolled Weekly changes in the value of spot HR have continued to drop an average of about $30/net ton but it should […] The post Hot Rolled Futures: Peak Summer Pause? appeared first on Steel Market Update.
The following article on the hot-rolled coil (HRC), scrap and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Hot Rolled The HR futures market has been somewhat subdued this month, which is reflected in the price changes for July. Over the […] The post Ferrous Futures: Treading Water This Summer appeared first on Steel Market Update.
The following article on the hot-rolled coil (HRC), scrap and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Hot Rolled After a brisk bout of futures activity in HR to close out the first half of 2022, we are experiencing much […] The post Hot Rolled Futures: Probing for a Price Floor in a Thin Summer Market appeared first on Steel Market Update.
The following article on the hot-rolled coil (HRC), scrap and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Hot Rolled HR futures are coming back to life after a quiet spell in May. Month to date in June more than 225,000 […] The post Hot Rolled Futures: Inflation Concerns and the Effect on Demand appeared first on Steel Market Update.