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    November 10, 2016

    Hot Rolled Futures: $1000 Per Ton HR? It's Possible!

    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.

    The futures market has been on hiatus for a couple weeks as NO ONE was willing to sell futures. Finally, this week there has been some light volume (5,120 st) trading mostly at $540/st. The lack of a serious supply side participant(s) in the HRC futures market is a problem folks! The iron ore futures market owes much of its success to BHP Billiton’s early participation in selling forward tons giving the contract some escape velocity. (Subliminal message 1). It sure would be great to see any of the domestic mills get involved and support the futures market.

    David Feldstein, SMU Contributor

    David Feldstein

    SMU Contributor David Feldstein is president of Rock Trading Advisors. David has over 20 years of financial market trading experience and has been active in the ferrous futures space since 2012. Feldstein earned an MBA from the University of Chicago Booth School of Business with concentrations in economics, statistics and analytical finance. He can be reached at davefeldstein@gmail.com.

    Read more from David Feldstein

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