HRC Futures: Post Price Drop, Options for Buyers and Sellers

Over the last month, SMU columns have referenced significant fluctuations in the Hot Rolled Coil Futures market as participants sift through the impact of several events, including some that are yet to be resolved.

At the beginning of July, Steel Dynamics Inc.’s (SDI’s) Sinton, Texas, mill outage boosted prices before producers failed to achieve announced price targets, covered by Flack Global Metals’ Sean Kessler in SMU on July 27.

Logan Davis

Logan Davis is the business development manager for the metals team at Commodity & Ingredient Hedging (CIH). He worked with CIH for five years on the client services side before returning to his family’s dairy operation to manage their commodity price risk along with the CIH dairy team. He has returned to present prospective metals clients with solutions to their price risk via CIH’s tools and services. Having been both a consultant and a client, Logan has a unique perspective on markets, risk, and the obstacles that both consultants and clients can encounter. Logan holds a Series 3 License.

Logan Davis

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