Steel Products
Final Thoughts
Written by John Packard
February 18, 2013
Monday is technically a holiday in the U.S. but Steel Market Update offices are open. For those who are confused with my travel schedule recently – I am no longer on the west coast – I have returned to our offices on the east coast. I can be reached at 800-432-3475 or by email: John@SteelMarketUpdate.com.
We have begun taking registrations for the next Managing Price Risk workshop which will be held in New York City at the CME (NYMEX) building which is across the street from 1 World Trade Center. Our online registration form and the full program should be online later this week. The workshop is for those involved (or interested in trading) the hot rolled coil futures, options as well as ferrous scrap futures through the NYMEX/CME platforms or OTC (over-the-counter). Andre Marshall, CEO of Crunch Risk, LLC and one of the most active brokers in the HRC and scrap futures markets is our instructor. Working with Andre and myself is the CME Group.
SMU has been conducting these workshops for a couple of years and we find they are excellent for those wanting to gain more exposure and understanding to the derivatives markets and how to use (and not use) them. If you have any questions please feel free to contact me in my office: 800-432-3475.
As always your business is truly appreciated.
John Packard
Read more from John PackardLatest in Steel Products
Rig count update: US activity stable, Canada slips
The number of oil and gas rigs operating in the US remained unchanged this week for the second consecutive week, while Canadian activity declined, according to the latest data released from Baker Hughes.
SMU market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]
Domestic, offshore CRC prices steady
The price spread between US-produced cold-rolled (CR) coil and offshore products on a landed basis was unchanged in the week ended Dec. 20.
SMU Survey: Mill lead times contract slightly, remain short
Steel mill production times have seen very little change since September, according to buyers participating in our latest market survey.
Worthington Enterprises’ earnings dip in fiscal Q2’25
Worthington Enterprises' profits edged down in its fiscal second quarter of 205 vs. a year earlier. The company said a slump in sales in the quarter was due largely to the "deconsolidation" of the Sustainable Energy Solutions segment in the fourth quarter of fiscal 2024.