Steel Products

SMU Intro to Steel Hedging Workshop on April 26-27
Written by Brett Linton
March 29, 2022
We still have spots remaining in our upcoming Introduction to Steel Hedging: Managing Price Risk course, which will run virtually on April 26-27, 2022.
Steel Market Update and Spencer Johnson, StoneX Financial Inc. – FCM Division, along with the CME Group, will be conducting a workshop for those who are actively involved in the buying or selling of steel. This workshop is tailored for those looking to understand financial derivatives as an instrument to hedge price risk, protect margins, protect inventories, or offer long-term pricing to their customers.
The flat rolled steel market is a unique and challenging environment to manage risk, but this introductory course will explain the basics of how financial products work for the steel industry through basic real world scenarios.
Building up from the basics of why firms use these products and what advantages they offer, participants will take away a concrete understanding of hedging basics, terminology, and knowledge of the market structure they will need to build a risk management strategy for their own company
You can find out more about the course and view the schedule here.
“I highly recommend the Steel Market Update Introduction to Steel Hedging course to anyone who may find themselves intimidated or confused by futures. The basic concepts are explained in great clarity. The instructors provide realistic examples that, when put into practice, can improve your company’s sustainability by mitigating inventory risk, and expanding the diversity of product offerings to your customers. I highly recommend attending an in-person class if possible. Many thanks to the team!”
– Ben Burgett, Product Manager, Superior Steel Supply
The cost to attend is $1,250 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

Brett Linton
Read more from Brett LintonLatest in Steel Products

Domestic CRC prices accelerate, closing gap with landed Japanese product
The price spread between US-produced cold-rolled (CR) coil and offshore CR products widened again in the week ended Feb. 14, as prices for US product accelerated ahead of imports. Domestic CR coil tags jumped week on week (w/w), while offshore markets moved higher at a slower pace. The result? The US premium over imports widened […]

US HR prices surge ahead of offshore tags
Hot-rolled (HR) coil prices rose further in the US this week, while tags abroad saw minor gains. The result: the margin US hot band holds over imports on a landed basis increased.

SMU scrap market survey results now available
SMU’s inaugural ferrous scrap market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past flat-rolled survey results are also available under that selection. If you need help accessing the survey results, or […]

SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members.

US HR prices pulling away from offshore tags
Hot-rolled (HR) coil prices moved up again in the US this week, while tags abroad were largely flat. The result: the margin US hot band holds over imports on a landed basis widened further.