Steel Products
Next SMU Intro to Steel Hedging Workshop on April 26-27
Written by Brett Linton
March 30, 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
CRU: Excessive global supply could hit rebar mill investments in US
Following the onset of the war in Ukraine in March 2022, concerns about import availability and expectations of rising demand from President Biden’s Infrastructure Bill pushed US rebar prices to record highs. In response, a flurry of new mills and capacity expansions were announced to meet the rise in demand from growth in the construction […]
Steel buyer spirits tempered by soft spot market conditions
Steel sheet buyers report feeling bogged down by the ongoing stresses of stagnant demand, news fatigue, tariff negotiations or implementation timelines, and persistent macroeconomic uncertainty.
CRU: US stainless prices to rise on expanded S232 tariffs
Stainless prices in the US market will rise, following price increases by major US producers. Our base case scenario incorporates higher US prices in the near term, despite the initial negative reaction by the market. US stainless prices will go up in 2025 H2 and will stay elevated in 2026 as tariffs on stainless […]
Galvanized steel demand unsteady amid lingering buyer fatigue: HARDI
Uneven demand for galvanized steel in June reflects a market that remains mired in uncertainty, according to industry sources.
OCTG industry salutes Customs for catching trade crooks
The US OCTG Manufacturers Association is commending US Customs for intercepting another Thai company's attempt to illegally transship Chinese oil pipe to the US.