Steel Products Prices North America
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CRU, CME to Host Webinar on HRC Price Volatility
Written by Tim Triplett
April 3, 2019
Hot-Rolled Coil Price Volatility: Buckle Up
As a Steel Market Update member company as well as those on a free trial, you are invited to join CRU and CME for a free steel webinar on hot rolled coil prices on Thursday, April 18.
U.S. Midwest HR coil price volatility has increased markedly in recent months as opaque policy decision-making processes and inelasticity of domestic supply have led to large variations in physical market price. At the same time, volume and open interest on CME HRC futures and options contracts have surged. This webinar will cover all these issues.
Date: Thursday, April 18, 2019
Times: 9.00 BST (London) – or – 10.00 EST (New York)
On the agenda:
- Causes of U.S. Midwest HR coil price volatility;
- Understanding future market fundamentals and prices;
- Managing price risk now.
Presenters will include Chris Houlden (CRU), Josh Spoores (CRU), and Sean Kessler (CME). The webinar will last approximately 45 minutes and will include Q&A with the presenters. Questions may be submitted during the webinar and upon registration.
Hear from CRU and SMU in person this June. You are invited to join us in New York for the annual CRU New York Steel Briefing.
SMU and CRU will be out in force for the 2019 SMU Steel Summit Conference in Atlanta on August 26-28. Come join us and one thousand of your industry friends. You can learn more and register for the SMU Steel Summit Conference by clicking here.
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Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
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Evraz raises plate prices $160/ton
Evraz North America (NA) has followed Nucor and SSAB with a plate price increase of its own: up $160 per short ton (st). The increase was effective immediately for all new orders of carbon, high-strength low-alloy, and normalized and quenched-and-tempered plate products, as well as for hot-rolled coil, the steelmaker said in a letter to […]
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Nucor lifts HR coil to $820/ton
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil for a fourth consecutive week.
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Nucor pushes HR spot price to $790/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $790 per short ton (st) on Monday, Feb. 10 – a $15/st bump vs. last week. The Charlotte, N.C.-based company has raised its weekly CSP by $40/st over the past three weeks after maintaining tags at $750/st since Nov. 12, according to SMU’s […]
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ArcelorMittal Dofasco increases spot sheet prices
ArcelorMittal Dofasco is raising spot sheet prices by CA$100 per ton (US$70/ton). The Hamilton, Ontario-based flat rolled steelmaker told customers the increase is effective immediately for all new orders. It did not specify to what level this brings its base prices but noted its right to re-quote previous but unconfirmed orders. “We will continue to […]
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Nucor raises HR spot price to $775/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $775 per short ton (st) on Monday, Feb. 3. The $15/st week-on-week (w/w) rise marks the first back-to-back increases in the steelmaker’s weekly CSP since last August, according to SMU’s mill price announcement calendar. Nucor’s joint-venture subsidiary California Steel Industries (CSI) is also up […]