Prices
December 4, 2014
Hot Rolled Futures: Holiday Slowdown
Written by Bradley Clark
The following article on the hot rolled futures market comes to SMU from contributing writer Bradley Clark, Director of Steel Trading for Kataman Metals.
Hot rolled coil futures have been quite inactive the past week due to the Thanksgiving holiday. As activity picks back up, it appears the next move will be lower. The forward curve is flattening out with CRU at $623 and Q1 trading around $620 – $5-10 dollars per ton lower than last week. Q2 and Q3 are a bit lower with trades ranging from $616 to $620.
