Contributor: John Medich

John Medich

John Medich joined Flack Global Metals in September 2022, bringing his expertise in quantitative and computational finance. Operating as a Trader on the prestigious Flack Capital Markets trade desk, John specializes in matching risk strategies with practical business requirements within the ferrous sector.

HR Futures: Which way following election?

Since June, The US hot-rolled coil (HRC) futures market has been in a rare period of prolonged price stability, closely mirroring the subdued volatility seen in the physical market. Over the past five months, futures have been rangebound, with prices oscillating between a floor near $680 and a ceiling around $800. This tight range, highlighted in the chart, underscores a cautious market environment. The chart below shows the rolling 3rd month CME HRC Future.

HR futures: Shifting risk profiles, emerging opportunities

Summer is here, and a familiar sentiment has hit the hot-rolled coil (HRC) futures market. Prices continue to decline in both the spot market and the futures market, with expectations of sub-$800 prices for the remainder of the year.

HRC Futures: Intricate Dynamics Shape Market

In the dynamic landscape of the steel futures market, a confluence of factors is shaping the current narrative.

HRC Futures: Decline Logged in Uncertain Physical Market

Over the first three months since Flack started contributing a futures column to SMU, the first sentence has started with some version of “What a month!”