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    January 30, 2025

    HR Futures: Awaiting Trump’s 25% tariff

    Written by Dave Feldstein

    David Feldstein is the President of Rock Trading Advisors. Rock Trading Advisors is a National Futures Association Member Commodity Trade Advisory providing commercial clients with price risk solutions in ferrous, energy, and interest rate derivatives markets.

    Midwest HRC indices have been stuck in a tight range since last summer with the weekly CRU Midwest HRC price spending the past 32 weeks between $656 and $714 per short ton (st). The rolling Midwest HRC future has been rangebound between roughly $650 to $800 since last June. The rate at which the price of HRC futures move over a certain period or “volatility” has compressed dramatically over the past few months.

    Dave Feldstein

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