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    January 10, 2025

    HR Futures: Activity picks up to start 2025

    Written by Mark Novakovich

    US ferrous derivatives markets were largely quiet through the holiday period. Since the new year, however, we have seen a bit of a resurgence in interest as traders and sales staff return to their desks.

    The front-end of the CME hot-rolled coil (HRC) futures structure continues its downward trend post-election, with the lead January HRF5 contract most recently settled at $704 per short ton (st). That’s down nearly $90/st from its three-month high seen on Nov. 7 at $790/st.

    Mark Novakovich

    Mark works at Crunch Risk LLC. He has nearly 20 years experience working in physical and financial commodity markets in various roles, including risk management, logistics, and trading. Most recently, Mark worked for S&P Global’s commodity division in sales and product development, where he was responsible for creating price benchmarks and financially-settled futures contracts.

    Read more from Mark Novakovich

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