Steel Products Prices North America
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SMU Community Chat to Feature Futures Expert Spencer Johnson
Written by John Packard
December 10, 2020
We will welcome Spencer Johnson of StoneX next week as the guest speaker for our SMU Community Chat. The webinar will be held on Wednesday, Dec. 16, at 11 a.m. ET. The webinar is free to anyone who is interested in the flat rolled (and plate) steel markets, as well as those interested in the futures markets and managing price risk.
Prior to Mr. Johnson’s remarks, SMU President & CEO John Packard will discuss current market conditions, steel prices and how we are seeing buyers and sellers of steel react to the present situation.
You can register for next week’s webinar by clicking here or going to www.SteelMarketUpdate.com/blog/smu-community-chat-webinars.
Spencer Johnson
Spencer is an 11-year veteran in the world of steel futures, all of them with StoneX (formerly FCStone Financial Inc.). Over that time, StoneX has worked with every type of market participant to formulate risk management and trading strategies for steel derivatives. StoneX has also worked tirelessly to grow liquidity and provide access to new ferrous markets for its clients. Spencer is also one of the longest serving members of the London Metal Exchange’s steel committee.
Spencer is the instructor for the upcoming Steel Hedging 101: Introduction to Managing Price Risk and Steel Hedging 201: Advanced Strategies & Execution workshops. The Steel Hedging 101 workshop is scheduled for Jan. 26-27, 2021, and Steel Hedging 201 will be held Feb. 23-24, 2021.
You can learn more about each workshop, costs to attend and how to register by clicking here.
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John Packard
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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 […]
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Nucor raises HR spot price to $760/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $760 per short ton (st) on Monday, Jan. 21. The $10/st week-on-week (w/w) rise marks the first increase in the CSP since Nov. 12. According to SMU’s mill price announcement calendar, the Charlotte, N.C.-based steelmaker held the weekly price at $750/st for 11 […]