Prices
September 1, 2016
Hot Rolled Futures: Almost Time to Wake Up…
Written by David Feldstein
The following article on the hot rolled coil (HRC), busheling scrap (BUS), and financial futures markets was written by David Feldstein. As Flack Steel’s director of risk management, Dave is an active participant in the hot rolled coil (HRC) futures market and we believe he will provide insightful commentary and trading ideas to our readers. Besides writing Futures articles for Steel Market Update, Dave produces articles that our readers may find interesting under the heading “The Feldstein” on the Flack Steel website www.FlackSteel.com.
CME Midwest HRC futures limped toward Labor Day with not much trading (excluding one large 5kt/m Q4 trade last Friday) and not much price movement. Excluding September, the curve has flattened around $530/st through December of 2017. 19,160 short tons have traded hands since last Thursday. Open interest is currently at 401,300 st.
