Fastmarkets shorts: The spread between HRC and busheling in 2020
Using the Fastmarkets Dashboard, managing editor Thorsten Schier shows us how our daily Midwest hot-rolled coil index and Midwest No. 1 busheling index have been affected by Covid-19.
“If, at that point, you were using a more lagging indicator, say a weekly price or even bi-weekly, then you would have lost out on those gains, and the spread would have been particularly much tighter between hot-rolled coil and scrap.”
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