Hot Rolled Futures: Market Extremely Active

SMU contributor Gaurav Chhibbar is a partner at Metal Edge Partners, a firm engaged in Risk Management and Strategic Advisory. In this role, he and his firm design and execute risk management strategies for clients along with providing process and analytical support. In Gaurav’s previous role, he was a trader at Cargill spending time in Metal and Freight markets in Singapore before moving to the U.S. You can learn more about Metal Edge at www.metaledgepartners.com. Gaurav can be reached at gaurav@metaledgepartners.com for queries/comments/questions.

The steel futures market has been extremely active in the past few days. Large parts of the activity are coming in the second half of 2020. The sudden change of tune, as well as the size of volume transacting, is attracting increased interest of bystanders who are busy trying to get insights as to “what really is happening?” This writeup will try and provide some color to help explain.