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    November 7, 2024

    HR Futures: Which way following election?

    Written by Daniel Doderer & John Medich

    Since June, The US hot-rolled coil (HRC) futures market has been in a rare period of prolonged price stability, closely mirroring the subdued volatility seen in the physical market. Over the past five months, futures have been rangebound, with prices oscillating between a floor near $680 and a ceiling around $800. This tight range, highlighted in the chart, underscores a cautious market environment. The chart below shows the rolling 3rd month CME HRC Future.

    Daniel Doderer

    Daniel is an Independent Industrial Economist, focused specifically on the steel industry since 2018. He can be reached with questions, thoughts, and feedback at dmdoderer@gmail.com.

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    John Medich

    John Medich joined Flack Global Metals in September 2022, bringing his expertise in quantitative and computational finance. Operating as a Trader on the prestigious Flack Capital Markets trade desk, John specializes in matching risk strategies with practical business requirements within the ferrous sector.

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