Replies to post #88703 on Savvy Trades and Investments

[researcher59]

FRD - good point on new hedges at much higher prices, but hindering that is the futures market which is predicting 28% lower prices by next May - also they'd have to hedge their raw material prices or risk having margins get squeezed if raw material costs remain high -

https://www.cmegroup.com/markets/metals/ferrous/hrc-steel.settlements.html