Supply chain resilience is a key narrative underpinning current HRC futures stability. Rail and port logistics have normalized, reducing shipment delays and lending confidence to forward pricing. Honda had introduced a GT500 car based on its popular Civic Type R road car in 2024 as a replacement for the long-running NSX-GT. While producers will likely aim to maintain control over the supply-demand balance to maintain an uptrend, the next bull market will likely fall far short of what was seen throughout 2020 and 2021, which saw HRC prices reach an all-time high of $1,929/st. Breakout traders are watching the $940 resistance closely, as a decisive move above could trigger algorithmic buying in HRC futures. Momentum indicators suggest upward pressure is building.
