Prices
February 25, 2021
HRC Futures: What Goes Up…???
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.
There is never a dull moment in the futures market these days. Never. We’ve seen unprecedented volatility, surging volumes, and increased adoption of futures to manage risk. But we are always looking for clues as to what may happen next, and we will dig into this a bit this week. First, let’s look at the week-over-week change in HRC prices. Nothin’ much goin’ on – just a roughly $100/ton move up across most months, with some rising $150/ton over the past week!
