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    David Feldstein, SMU Contributor

    April 24, 2025

    HR Futures: Nascent rally in HRC futures settles above 6-week downtrend

    Written by David Feldstein

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

    The CME Midwest HRC futures market’s response to Trump’s election and subsequent comments about blanket 25% tariffs on Canada and Mexico was surprisingly counterintuitive.

    David Feldstein, SMU Contributor

    David Feldstein

    SMU Contributor David Feldstein is president of Rock Trading Advisors. David has over 20 years of financial market trading experience and has been active in the ferrous futures space since 2012. Feldstein earned an MBA from the University of Chicago Booth School of Business with concentrations in economics, statistics and analytical finance. He can be reached at davefeldstein@gmail.com.

    Read more from David Feldstein

    Latest in Mexico

    Mexico targets Japanese plate in new dumping case

    Mexico has formally opened an anti-dumping investigation into imports of cut-to-length steel plate from Japan. Mexico’s Ministry of Economy launched the trade case after a complaint by Grupo Acerero (GASA). GASA, a San Luis Potosi-based steel producer, alleges price discrimination and injury to the Mexican industry, according to the announcement in Mexico’s Official Gazette of the Federation. The case targets hot-rolled, uncoated, non-coil carbon steel plate in sheet form, at least 4.75 mm thick and 600 mm wide.