Steel Products

Wednesday's Community Chat on Steel Futures (Dec 16)
Written by John Packard
December 10, 2020
Steel Market Update will welcome Spencer Johnson of StoneX at 11 a.m. ET on Wednesday, Dec. 16, as the guest speaker for the next SMU Community Chat. The webinar is free to anyone interested in the flat rolled and plate steel markets, as well as those interested in learning about futures and managing price risk.
 Prior to Mr. Johnson’s remarks, SMU President & CEO John Packard will discuss current market conditions, steel prices and how we are seeing buyers and sellers of steel react to the present situation.
Prior to Mr. Johnson’s remarks, SMU President & CEO John Packard will discuss current market conditions, steel prices and how we are seeing buyers and sellers of steel react to the present situation.
You can register for next week’s webinar by clicking here or going to www.SteelMarketUpdate.com/blog/smu-community-chat-webinars.
Spencer Johnson
Spencer is an 11-year veteran in the world of steel futures, all of them with StoneX (formerly FCStone Financial Inc.). Over that time, StoneX has worked with every type of market participant to formulate risk management and trading strategies for steel derivatives. StoneX has also worked tirelessly to grow liquidity and provide access to new ferrous markets for its clients. Spencer is also one of the longest serving members of the London Metal Exchange’s steel committee.
Spencer is the instructor for the upcoming Steel Hedging 101: Introduction to Managing Price Risk and Steel Hedging 201: Advanced Strategies & Execution workshops. The Steel Hedging 101 workshop is scheduled for Jan. 26-27, 2021, and Steel Hedging 201 will be held Feb. 23-24, 2021.
You can learn more about each workshop, costs to attend and how to register by clicking here.
 
			    			
			    		John Packard
Read more from John PackardLatest in Steel Products
SMU Community Chat: CRU’s Josh Spoores Talks 2023 Forecast
Despite economic headwinds on the horizon, we are probably in store for a “shallow recession” rather than a prolonged one, according to Josh Spoores, CRU’s principal analyst – steel. Spoores sat down with SMU managing editor Michael Cowden on an April 5 Community Chat where they spoke about the outlook for the steel industry for the […]
Raw Steel Production Rebounds: AISI
Raw steel production by US mills recovered slightly last week, rising 1% from the week prior, according to data released by the American Iron and Steel Institute (AISI) on Monday, April 10. Domestic production stood at 1,675,000 net tons in the week ended April 8 vs. 1,658,000 tons the previous week. Output was off 6.3% from 1,788,000 […]
US and Canadian Rig Counts Down for Second Week
Rig counts dropped this week in the US and Canada, according to the latest data from oilfield services company Baker Hughes. The total US rig count was 751 for the week ended April 6, down four rigs from the week prior. The number of active oil rigs in the US dropped by two from the prior week’s 592. The […]
Wiley Rein’s Tim Brightbill Talks China Trade, Russian Sanctions
Last week, Timothy Brightbill, partner and co-chair of the International Trade Practice at the Washington, DC-based law firm Wiley Rein LLP, sat down with SMU to discuss the recent court decision sustaining Section 301 tariffs on Chinese goods, as well as the ongoing war in Ukraine. Earlier this month, the US Court of International Trade […]
Cold-Rolled Imports Maintain Price Advantage Over Domestic Product
The wide spread between foreign and domestic cold-rolled coil (CRC) prices remains in place despite recent price increases in Europe, according to SMU’s latest check of the market. Domestic CRC was, on average, $77 per ton more expensive than imported steel in the four regions we track as recently as early February. That premium has […]
