Freight Up! Fuel oil, iron ore, steel and other commodity insights from Freight Investor Services Scrubber Secrets and Cyclone Chaos - and all the insider news on the hot rolled coil
Apr 13, 2023
22:59
An update from steel market expert Joshua Stern rounds up the freight up talk in this week's episode. We also learn how the market's contending with the devastating effects of a natural disaster in Turkey.In this episode, you will learn:
Steel Market Update The steel market has experienced growth in recent times, particularly concerning hot rolled coil (HRC), which serves as an indicator of the market's health and liquidity. The success seen in the HRC market has created optimism and generated interest among industry professionals in exploring risk management strategies. These positive trends have contributed to an increase in trade volume, particularly in the EU HRC market, setting records during the start of the year. Overall, these developments in the steel market highlight its importance within the global economy, and it continues to be a focal point for businesses and investors. Joshua Stern points out the significant growth in the EU HRC market, with over 180 KT traded in January and February. This heightened level of activity can be credited to market participants' growing interest in the steel industry and in risk management strategies. HRC proves to be a crucial metric for Stern as it allows for several hedging contracts to manage risk and monitor the steel market's liquidity. He emphasizes that the industry's success is, in part, due to these risk management tactics, highlighting their importance in maintaining a thriving steel market.Our special guests this week are Archie Smith, Kerry Deal, Joshua SternLinks:https://uk.linkedin.com/company/freight-investor-serviceshttps://freightinvestorservices.com/fis-live-2/
- The Euro scrubber spread's effect on fuel oil market and vessel values.
- Gain insights into the trends and rates of Cape and Panamax shipping markets.
- Recognize the growth of steel market through hot rolled coil as a crucial indicator.
- Acquire knowledge on risk management via derivative contracts for smaller businesses.
- Discover the role of ESG and repercussions of natural disasters on the steel industry.
Steel Market Update The steel market has experienced growth in recent times, particularly concerning hot rolled coil (HRC), which serves as an indicator of the market's health and liquidity. The success seen in the HRC market has created optimism and generated interest among industry professionals in exploring risk management strategies. These positive trends have contributed to an increase in trade volume, particularly in the EU HRC market, setting records during the start of the year. Overall, these developments in the steel market highlight its importance within the global economy, and it continues to be a focal point for businesses and investors. Joshua Stern points out the significant growth in the EU HRC market, with over 180 KT traded in January and February. This heightened level of activity can be credited to market participants' growing interest in the steel industry and in risk management strategies. HRC proves to be a crucial metric for Stern as it allows for several hedging contracts to manage risk and monitor the steel market's liquidity. He emphasizes that the industry's success is, in part, due to these risk management tactics, highlighting their importance in maintaining a thriving steel market.Our special guests this week are Archie Smith, Kerry Deal, Joshua SternLinks:https://uk.linkedin.com/company/freight-investor-serviceshttps://freightinvestorservices.com/fis-live-2/