Prices
October 6, 2022
HRC Futures Trading at Lowest Since Nov. '20, Bush Looks Cheap
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.
The CME Midwest HRC futures curve has continued to take a beating over the past four weeks with every month from October through September ‘23 falling by at least $80/st. The November future’s $114 decline was the largest of any month followed by December’s $109 drop.
