Prices
November 14, 2024
HRC Futures: Here comes Trump bump 2.0?
Written by Dave Feldstein
No more excuses! The election is over. Donald Trump will be inaugurated on Monday, Jan. 20, with the Republican party in control of Congress. Now, it is time to get back to work!
This graph shows the Midwest hot-rolled coil (HRC) futures curve from 2016 on Election Day (Nov. 8), Nov. 15, Nov. 22, and Nov. 30. The futures saw little change in the days after the election. But they then gained around $15 per short ton (st) on Friday, Nov. 11. The futures curve then started to move higher each subsequent week, thereafter gaining roughly $80/st by the end of November.
