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US Midwest Domestic Hot-Rolled Coil Steel Futures - Sep 24 (HRCc1)

CME
Currency in USD
Disclaimer
695.00
-4.00(-0.57%)
Closed

US Midwest Domestic Hot-Rolled Coil Steel Futures Discussions

Clf is tthe way to play this
Supply constraint is not local. It's a global issue. China holding steel exports keeps HRC high for much longer. That's one issue, but not all. Everyone is trying to open, but are still being hammered by Covid in differ places. meaning demand will continue to be strung out IMO. I like CLF for a double or more from here. FCF will be huge. I do mot see the 2nd half of the year pulling back like they say. Everyone needs steel now to bump start their economies. I see is strong through Q2 22.
I agree with your analysis about $X United States Steels going to $50 before mid year. Great analysis
why stell price go up?
Change in contract month
gonna be a big year for steel
im seeing reports that Biden just cancelled the tariffs on Chinese steel, this will definitely impact negatively on us steel production.
not what I'm seeing https://www.forbes.com/sites/stuartanderson/2021/05/05/biden-continues-trumps-misguided-trade-policies/?sh=6523f6104385
Any thoughts on what the U.S. apparent demand % for steel will be in 2020?
I'm thinking high demand for steel, based upon the futures prices. Good for CLF and US Steel
sell Morgan Stanley sees weakening demand and overproduction will have a correction in price over the next year.
Im not so sure. Mills being idled makes me skeptical of a sheet tsunami that analysts were predicting as mills were restarted in 2018. See the latest idling of USS Great Lakes Works.
I don't see where the oversupply will come from...
sell
oh yes
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