Prices
March 6, 2014
Hot Rolled Futures Stabilize…
Written by Bradley Clark
The futures market stabilized this week as renewed buying interest has returned. It seems that the recent spot weakness is being shrugged off by most market participants as buyers are looking down the curve to add length. Recent history has shown us that waiting for the physical market to bottom is too late to pick up cheap offers, by the time the market turns seller will have run for the hills.
March has traded at $628, Q2 at $625 and Q3 and Q4 at $627 this week in decent volumes. It appears that the floor for now has been solidly established at $625 for deferred periods.
