HRC Futures: A Swing in the Market
Well, what a difference a month makes…
Tag: Derivatives
HRC Futures Shift Into Rally Mode
The July Midwest HRC future started February just below $800, rallied $325 in just over a month peaking at $1,115 on March 9. Over the next 81 days, the July future basically went full circle, falling $311 to just over $800 on June 1. Since the start of June, the July future has rallied almost […]
Ford Names New Global Supply Chain Head, Other Exec Changes
On Tuesday, Ford Motor Co. announced a new head to lead its global supply chain operations, while also detailing other changes to its executive team. Liz Door will be the automaker’s new chief supply chain officer beginning on June 12. She will be taking on responsibilities that were held since September on an interim basis […]
Midwest HRC Futures Hit Lower Lows as Global Ferrous Complex Dives
CME Midwest HRC futures continue to be under pressure. Every month from June through March has declined since the start of May. The July and August futures were hardest hit, dropping $50 and $53, respectively, through today’s close. These two months outpacing the others lower has flattened the curve. Editor’s note: SMU Contributor David Feldstein […]
HRC Futures: March Madness Three Years Running
Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. Rock provides customers attached to the steel industry with commodity price risk management services and market intelligence. RTA is registered with the National Futures Association as a Commodity Trade Advisor. David has over 20 years of professional trading experience and has been active […]
HRC Futures Rocket Higher on Record-Setting Volume
Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. Rock provides customers attached to the steel industry with commodity price risk management services and market intelligence. RTA is registered with the National Futures Association as a Commodity Trade Advisor. David has over 20 years of professional trading experience and has been active […]
Hot Rolled Futures: Cliffs Price Hike Boosts HRC Gains
Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. Rock provides customers attached to the steel industry with commodity price risk management services and market intelligence. RTA is registered with the National Futures Association as a Commodity Trade Advisor. David has over 20 years of professional trading experience and has been active […]
Johnson: Last Week in HRC Futures
We are excited to talk about the week that was in US hot-rolled coil (HRC) futures. Before we dive in too deeply into specifics, though, let’s touch on a data point we haven’t talked about extensively in recent reports: volume and open interest. Hard to believe, but about a decade ago the most prominent complaint […]
Ferrous Futures: Global Ferrous Rally Gaining Steam
Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. Rock provides customers attached to the steel industry with commodity price risk management services and market intelligence. RTA is registered with the National Futures Association as a Commodity Trade Advisor. David has over 20 years of professional trading experience and has been active […]
Hot Rolled Futures: Could Winter Storms Scramble Prices?
Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. Rock provides customers attached to the steel industry with commodity price risk management services and market intelligence. RTA is registered with the National Futures Association as a Commodity Trade Advisor. David has over 20 years of professional trading experience and has been active […]
HRC, Bus Futures Making Lower Lows; Still No Signs of a Bottom
Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. Rock provides customers attached to the steel industry with commodity price risk management services and market intelligence. RTA is registered with the National Futures Association as a Commodity Trade Advisor. David has over 20 years of professional trading experience and has been active […]
Final Thoughts
Nucor on Thursday confirmed its plate prices would remain unchanged with the opening of its December order book. Though the market was anxiously awaiting the Charlotte, N.C.-based steelmaker’s announcement, few were surprised by it. Why? It’s not clear that a price decrease at this stage in the fourth quarter would generate buying. And it would devalue […]
HRC, BUS Futures: Making New Lows as 14-Month Decline Seeks Support
Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. Rock provides customers attached to the steel industry with commodity price risk management services and market intelligence. RTA is registered with the National Futures Association as a Commodity Trade Advisor. David has over 20 years of professional trading experience and has been active […]
Final Thoughts
Don’t look now but sheet price erosion continues, with tags across all flat-rolled products inching lower this week, according to SMU’s latest check of the market. For some time now we’ve been trying to gauge SMU survey respondents’ sentiment and their sense of market direction by asking when they think HRC prices will bottom out […]
Final Thoughts
Well, earnings season is now well underway. We’ve seen the early reporters like steel processor Worthington Steel (who announced it will be splitting off its steel segment and creating two separate, publicly traded businesses), as well as tube producer Webco, and steel and metal manufacturer Commercial Metals Co. all report strong results in their latest earnings. […]
HRC Futures Trading at Lowest Since Nov. '20, Bush Looks Cheap
Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. Rock provides customers attached to the steel industry with commodity price risk management services and market intelligence. RTA is registered with the National Futures Association as a Commodity Trade Advisor. David has over 20 years of professional trading experience and has been active […]
HRC Futures: Post Wednesday CRU Print Rally Picks Up Steam
Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. Rock provides customers attached to the steel industry with commodity price risk management services and market intelligence. RTA is registered with the National Futures Association as a Commodity Trade Advisor. David has over 20 years of professional trading experience and has been active […]
HRC Futures: Market Quietly Digesting Latest Price Increase
Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. Rock provides customers attached to the steel industry with commodity price risk management services and market intelligence. RTA is registered with the National Futures Association as a Commodity Trade Advisor. David has over 20 years of professional trading experience and has been active […]
HRC Futures: Scrap Expectations Send Futures to New Lows
Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. Rock provides customers attached to the steel industry with commodity price risk management services and market intelligence. RTA is registered with the National Futures Association as a Commodity Trade Advisor. David has over 20 years of professional trading experience and has been active […]
HRC and Bush Futures: Sleepy Summer Market Continues
Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. Rock provides customers attached to the steel industry with commodity price risk management services and market intelligence. RTA is registered with the National Futures Association as a Commodity Trade Advisor. David has over 20 years of professional trading experience and has been active […]
Ferrous Futures: HRC & Bush Test February’s Lows
Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. Rock provides customers attached to the steel industry with commodity price risk management services and market intelligence. RTA is registered with the National Futures Association as a Commodity Trade Advisor. David has over 20 years of professional trading experience and has been active […]
Feldstein on Steel Futures and Managing Risk, Creating Opportunities
The word ‘risk’ often has a negative connotation and gets a bad rap. But there are two sides to risk – the dark side and the light side, the bad and the good, the downside and the upside. When it comes to price risk in the steel market, you can either just accept it or […]
HRC & Bush Futures: Post-March Hangover Sends Futures into Hibernation
Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. Rock provides customers attached to the steel industry with commodity price risk management services and market intelligence. RTA is registered with the National Futures Association as a Commodity Trade Advisor. David has over 20 years of professional trading experience and has been active […]
Register for Weds Community Chat With FGM CEO Jeremy Flack
Flack Global Metals (FGM) founder and CEO Jeremy Flack will be the featured speaker on our next SMU Community Chat on Wednesday, June 1, at 11 am ET. The webinar is free. You can register here. Here are just a few of the topics we’ll discuss: • Black Swan events and increased volatility are now the […]
SMU Community Chat To Host FGM CEO Jeremy Flack
Flack Global Metals (FGM) founder and CEO Jeremy Flack will be the featured speaker on our next SMU Community Chat on Wednesday, June 1, at 11 am ET. The webinar is free. You can register here. Here are just a few of the topics we’ll discuss: • Black Swan events and increased volatility are now the […]
Ferrous Futures: Rangebound and Itching for a Big Move - Up or Down?
Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. Rock provides customers attached to the steel industry with commodity price risk management services and market intelligence. RTA is registered with the National Futures Association as a Commodity Trade Advisor. David has over 20 years of professional trading experience and has been active […]
Ferrous Futures: The Price of War, Madness and Short Squeezes
Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. Rock provides customers attached to the steel industry with commodity price risk management services and market intelligence. RTA is registered with the National Futures Association as a Commodity Trade Advisor. David has over 20 years of professional trading experience and has been active […]
SMU's Intro to Steel Hedging: Managing Price Risk Course is 2 Weeks Away
We still have a few spots remaining in our upcoming Introduction to Steel Hedging: Managing Price Risk course, which will run virtually on April 26-27, 2022. Steel Market Update and Spencer Johnson, StoneX Financial Inc. – FCM Division, along with the CME Group, will be conducting a workshop for those who are actively involved in the buying or […]
Ferrous Futures: Volatility Calms and Volume Plummets as Price Moves Hinge on Ukraine
Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. Rock provides customers attached to the steel industry with commodity price risk management services and market intelligence. RTA is registered with the National Futures Association as a Commodity Trade Advisor. David has over 20 years of professional trading experience and has been active […]
Next SMU Intro to Steel Hedging Workshop on April 26-27
We still have spots remaining in our upcoming Introduction to Steel Hedging: Managing Price Risk course, which will run virtually on April 26-27, 2022. Steel Market Update and Spencer Johnson, StoneX Financial Inc. – FCM Division, along with the CME Group, will be conducting a workshop for those who are actively involved in the buying or selling of […]