Prices
July 9, 2020
Hot Rolled Futures: What a Difference a Week Makes!
Written by Tim Stevenson
SMU contributor Tim Stevenson 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 Tim’s previous role, he was a Director at Cargill Risk Management, and prior to that led the derivative trading efforts within the North American Cargill Metals business. You can learn more about Metal Edge at www.metaledgepartners.com. Tim can be reached at Tim@metaledgepartners.com for queries/comments/questions.
The past week has been a rough one for HRC futures. The potential for scrap to weaken more than expected, and negative developments related to COVID-19, have caused sellers to become more aggressive in the markets. You can see that week on week futures have dropped across the curve out into 2021:
