U.S. HRC prices struggle to rise on high inventories and low demand

Demand for many key end-use sectors in the USA has fallen nearly every month so far in 2024

Top three sheet-intensive industrial durable goods consumption, y/y change, %

CME Group Summary

Open interest in December futures contract surges

Open interest in December HR Coil futures contract has surged to the highest on record year

December 2024 open interest