Steel Products
Weds Community Chat to Host Rock Trading President David Feldstein
Written by Brett Linton
October 6, 2022
Rock Trading Advisors President David Feldstein will be the featured speaker on the next SMU Community Chat webinar on Wednesday, Oct. 12, at 11 a.m. ET.
The live webinar is free for anyone to attend. A recording will be available for SMU members. You can register for the webinar here.
We’ll discuss the last three years in the futures market, a period of unprecedented volatility in steel prices – and also a period that has seen HRC futures trading volumes grow dramatically. We’ll also talk about the increased financialization of HRC futures, the main participants in HRC futures, and their increased correlation with broader markets. We’ll in addition examine why scrap futures haven’t taken off the way HRC futures have. Why aren’t more service centers and recyclers participating there?
Looking at the big picture, we’ll take a look at some of the main factors driving steel and scrap futures markets now. We’ll cover everything from interest rates and China to the latest developments in contract talks between US Steel and the United Steelworkers (USW) union.
Feldstein has more than 20 years of financial market trading experience and has been active in the ferrous futures space since 2012. He earned an MBA from the University of Chicago Booth School of Business with concentrations in economics, statistics, and analytical finance. He is also a regular contributor to SMU, where he writes about HRC and scrap futures.
As always, we’ll keep it to about 45 minutes. You can drop in, learn something – and then get on with your day.
{loadposition reserved_message}
Finally, check out our Community Chat page to see recordings of past webinars.
Brett Linton
Read more from Brett LintonLatest in Steel Products
Rig count: US, Canada counts edge up as weather cools down
Active rotary rigs in the US and Canada are up for the second consecutive week, according to Baker Hughes.
Heating and cooling equipment shipments fall with season change in October
October saw domestic heating and cooling equipment shipments drop for a second consecutive month, according to the latest data released from the Air Conditioning, Heating, and Refrigeration Institute (AHRI).
CRU: More aluminum producers prioritize decarbonization: Industry shift towards sustainability
The LME Aluminum 3-month price is moving up again on the morning of Dec. 8 and was last seen trading at $2,157 per metric ton. The way the price increased first thing in the morning suggests a support may have finally been found, but resistance could hit quickly at $2,200 /metric ton. SHFE cash was […]
SMU survey: Direction of mill lead times mixed on holiday season lull
Movements in lead times were mixed in SMU’s check of the market this week – a reflection of the seasonal dip in ordering that is typically seen during the winter holiday season.
Steel shipments bounce back in October
American steel mills sent out more tons of steel in October than the previous month, according to the latest monthly data from the American Iron and Steel Institute (AISI). Domestic mills shipped 7,346,373 net tons in October, up 1.3% from the 7,252,942 tons sent out in September. Shipments were also up 1.9% compared to the […]