Steel Products
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/95441759b742b88bf36fff8062e6e38f.jpg)
Join Your Peers at SMU's LIVE Intro to Steel Hedging Workshop on Feb. 14-15
Written by Brett Linton
December 7, 2021
We are delighted to announce that the next Introduction to Steel Hedging: Managing Price Risk course will run LIVE and in-person on Feb. 14-15, 2022, in Tampa, Fla. alongside the Tampa Steel Conference.
Don’t miss this opportunity to meet face-to-face with our expert instructors to gain a thorough introduction to hedging in the flat rolled steel market, and to take advantage of the live class discussions and networking.
We will also be offering alternative dates for the virtual training on April 26-27, 2022, for those who are unable to make the February course.
Would you like to learn how to protect your business and minimize the risk associated with unfavorable price changes, by understanding what exactly is meant by “hedging a position”? Take the beginner’s course and you will quickly gain a concrete understanding of hedging basics, and learn what benefits and risks are involved in choosing a steel hedging strategy.
This workshop will help you understand:
- What “hedging” is and why so many companies do it
- What makes hedging in steel different to other commodities
- The structure of the market and the mechanics of how trades are executed
- The costs and risk involved
You can find out more about the course, and view the schedule here.
Led by a hedging and metals expert, Spencer Johnson of StoneX, this workshop will benefit anyone who is looking for a concise introductory or refresher course.
“SMU has done a great job of providing these workshops, from beginner to more advanced. They’ve done a great job of helping to educate the community as a whole. Our company is a very strong believer in training. We’ve sent all levels of people in our team, from CFO to VP of Production and buyers – all attending these workshops to continue to get educated as we move forward and to help our risk management strategy.”
– Chris Shipp, Vice President – Supply Chain, Priefert Steel
The cost to attend is $1,750 per person. SMU/CRU subscribers can save $100 plus an additional $100 per person for companies that register two or more people for the same workshop. Click here for more information and to register.
If you have any questions, please email: Events@SteelMarketUpdate.com
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2024/04/SMU_BL_headshot-V4-150x150.png)
Brett Linton
Read more from Brett LintonLatest in Steel Products
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/10/CMC-New-Logo.png)
CMC to open rebar fabrication facility in Ohio
Longs producer and metal recycler CMC plans to open a new rebar fabrication plant in Akron, Ohio.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/steel_trade.png)
US and Mexico take action to curb ‘unfair’ trade
The US and Mexico announced measures on Wednesday to prevent tariff evasion and protect North America’s steel and aluminum industries.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/gears.png)
Final thoughts
First off, we hope everyone had a safe and happy July 4th holiday, with fireworks seen and BBQs attended. Many parts of the country are quite toasty at the moment, signaling that, yes, summer has indeed arrived. And looking at our most recent survey results, the summer doldrums have arrived as well.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/12/Rig_count_pic_3-scaled.jpg)
Active rig counts recover in US, slip in Canada
US drill rig activity moved back up last week after drifting lower for four straight weeks. Meanwhile, Canadian counts slipped for the first time after a seven-week rally, according to the latest data from Baker Hughes.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/AISI.png)
AISI: US steel shipments up in May from April, off from 2023
Domestic steel shipments increased in May month over month but have fallen on-year.