Economy

CRU & CME Discuss Hot-Rolled Coil Price Volatility: Buckle Up
Written by Tim Triplett
April 12, 2019
US Midwest HRC price volatility has increased markedly in recent months as government policy and inelasticity of domestic supply have led to large variations in physical market price. Concurrently, volume and open interest on the CME’s HRC futures and options contracts, settled on CRU’s US Midwest HRC price (“The CRU”) has surged as physical market participants look to manage price risk.
This futures contract has enabled users of the CRU to effectively hedge with minimal basis risk, taking advantage of a contract that has grown consistently with increasing liquidity while settling their physical contracts on the index of choice in the market.
In partnership between CRU and CME, you are invited to attend an upcoming webinar, discussing both the HRC physical and paper markets. The webinar will be approximately 45 minutes and will include Q&A with the presenters. Questions may be submitted during the webinar and upon registration. On the agenda:
- Causes of US 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).

Tim Triplett
Read more from Tim TriplettLatest in Economy

Architecture billings continue to slide in March
Architecture firms said billings continued to decline in March, according to the latest Architecture Billings Index (ABI) released by the American Institute of Architects (AIA) and Deltek.

Beige Book shows concerns about trade policy
Manufacturing was mixed, but two-thirds of districts said activity was little changed or had declined.

New York state manufacturing index drops again in April
Firms were pessimistic, with the future general business conditions index falling to its second lowest reading in the more than 20-year history of the survey

Construction adds 13,000 jobs in March
The construction sector added 13,000 jobs, seasonally adjusted, in March, but tariffs could undermine the industry.

Supply chains, end-users brace for impact from tariffs
Supply chains are working through what the tariffs mean for them