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    CRU: Longshoremen’s Strike in 2022—Further Risk to a Fragile Supply Chain

    Written by Greg Wittbecker


    By Greg Wittbecker, Advisor, CRU Analysis

    Over the past few months, we have seen a number of short-term strike actions around North America: a Montreal four-day strike in May and the  Charleston International Longshoremen Association (ILA) filing strike notices at the same time. While both industrial actions have not resulted in extended work stoppages, they are a reminder that the labor situation is still tense.

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    CRU: HR coil futures re-price 2027 forward curve

    CME Group’s hot-rolled coil futures have jumped higher as the loss of a reheating line at a large Southern mill have renewed domestic production issues. At market close on Oct. 12, the Q4'26 futures are now pricing in $1,295 per short ton (st) for HR coil, a month-over-month (m/m) increase of $63/st. For 2027, the forward curve is up $80 /st vs. September, at $1,207/st. For November 2026 through March 2027, prices are at an average just above $1,300/st.