HRC Futures: HR Higher Despite Increasing Imports, Inventory and Production

Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. David has over 20 years of trading experience in financial markets and has been active in the ferrous futures space for over eight years. You can learn more at www.thefeldstein.com or add him on twitter @TheFeldstein and on Instragram at #thefeldstein.

Check out this chart as it goes from $800 at the start of the year to about $1,700 by the end of April. Is that in dollars per metric ton or short ton? Neither, it’s in dollars per board feet because it’s not Midwest hot rolled, it’s lumber. It sure looks a lot like the chart of the CME Midwest HR future.

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.