Replies to post #86670 on Savvy Trades and Investments

[maxluke1]

FRD - nice trades guys, I was trying to get even more trading shares last week, but missed out, so didn't sell any today and don't plan to until quite a bit higher.

For context, in their biggest quarter of the last decade, their average price realized per ton was $853/ton...
https://www.otcmarkets.com/filing/html?id=12918300&guid=pumnUFmjSlh193h

As hweb said, current prices are $1500/ton...I could be wrong, but if they wanted to they could currently hedge a ton of 2021 and 2022 production at >$1000/ton:

https://www.cmegroup.com/trading/metals/ferrous/hrc-steel_quotes_globex.html

Hard for me to want to sell any as a result.