HRC futures for September delivery are currently fetching $948 per short ton in active trading. Buyers from the Midwest manufacturing hub are locking in contracts to mitigate Q3 volatility risk. "We have been really impressed with the performance Kaku has shown with HRC and the Acura Meyer Shank Racing team this year and the way he has integrated seamlessly into the team and raced pinnacle prototype sportscars,” Salters said. “I'm delighted for him to have this opportunity to test the Indy car with Mike Shank and Jim Meyer. Agriculture futures such as corn, wheat, and soybeans have rallied over the past few trading sessions. With cattle prices setting record highs in recent weeks, could we see improved demand for steel products from the beleaguered agricultural industry? Chicago Mercantile Exchange data shows open interest in HRC futures up 5% over the past two sessions, indicating fresh long positions entering the market. This aligns with expectations of moderate price appreciation toward $960 in the next month.
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