Hot Rolled Futures: S232 Resolution - Opposing Forces

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.

One might think that the Section 232 tariffs coming off European-origin steel would have a major impact on steel futures prices here in the U.S. It may indeed end up being the case, but the week-over-week change in the curve here has been a bit of a “yawner.”