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    July 14, 2022

    HRC and Bush Futures: Sleepy Summer Market Continues

    Written by David Feldstein

    Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. Rock provides customers attached to the steel industry with commodity price risk management services and market intelligence. RTA is registered with the National Futures Association as a Commodity Trade Advisor. David has over 20 years of professional trading experience and has been active in the ferrous derivatives space since 2012.

    There is not much to report on since my last contribution on June 23. The August and September futures have declined by $66 per ton and $46 per ton during that time. But the rest of the curve has seen little change, especially relative to the declines seen since futures peaked in March and April. The August future peaked on March 15 at $1,639/ton and settled today at $825/ton, down $814/ton or 49.7%. 

    David Feldstein, SMU Contributor

    David Feldstein

    SMU Contributor David Feldstein is president of Rock Trading Advisors. David has over 20 years of financial market trading experience and has been active in the ferrous futures space since 2012. Feldstein earned an MBA from the University of Chicago Booth School of Business with concentrations in economics, statistics and analytical finance. He can be reached at davefeldstein@gmail.com.

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