Steel commodity trading is the wave of the futures
Established exchanges as well as new players are bringing both physical and financial instruments to the steel market, which is slowly accepting that times are changing.
Delivery of an 80/20 mix isn’t uncommon at domestic mills, and some actually seek a mix of heavy melt grades to charge their electric-arc furnaces.
A series of unique steps at the steel company’s Burns Harbor, Ind., operation is pushing productivity—and profits—further upward.
When William Faulkner wrote that “The past is never dead. It’s not even past,” chances are he wasn’t thinking about the steel industry. But nevertheless, the idea applies quite well. Without an awareness of metals history and at least living partially under the shadow that it casts, forward progress would not be possible.