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    October 30, 2015

    Hot Rolled Futures: Will the 2009 Lows Provide Support for HRC?

    Written by Spencer Johnson

    The following article is written by Spencer Johnson of FC Stone LLC. With six years of experience, Spencer provides his customers strategic and tactical advice on protecting themselves against commodity price volatility in the steel markets. Spencer will rotate weekly futures articles with Andre Marshall of Crunch Risk, LLC. Spencer can be reached at spencer.johnson@intlfcstone.com.

    In our last salvo for Steel Market Update, we touched on the distinct possibility that the psychologically important $400/ton level may not hold on HRC. That turned out to be the case, as every major index print now has spot prices at least slightly below that mark.

    Spencer Johnson

    A broker at FCStone LLC, Johnson is a veteran in the world of steel futures. He has worked with every type of market participant to formulate risk management and trading strategies for steel derivatives. StoneX has also worked tirelessly to grow liquidity and provide access to new ferrous markets for its clients. Johnson is in addition one of the longest serving members of the London Metal Exchange’s steel committee.

    Read more from Spencer Johnson

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