GANN ANALYSIS - U.S. Midwest Domestic Hot-Rolled Coil (HRC) Steel Futures скачать в хорошем качестве

GANN ANALYSIS - U.S. Midwest Domestic Hot-Rolled Coil (HRC) Steel Futures

U.S. Midwest Domestic Hot-Rolled Coil (HRC) Steel Futures Ferrous Futures and Options The ferrous metals market is one of the most widely used and largest physical commodity markets in the world. It is second in size only to the global energy industry. New to Hedging Your Steel Price Risk? If you are new to the concept of hedging your Steel price risk, CME educational module and video could help you to gain more insights on how you could benefit from hedging your Steel price exposure with CME Group Steel Futures. https://www.cmegroup.com/trading/meta... The price of steel is always fluctuating, and it is extremely difficult to predict when and what direction those price moves will occur. Market participants, such as steel service centers, steel mills, and manufacturers can mitigate their risk and protect their bottom line by hedging with futures contracts such as COMEX Hot-Rolled Coil, Busheling Steel Scrap, and Domestic Steel Premium futures. https://www.cmegroup.com/education/co... Altair Investment Consulting on Social Media Twitter   / monsteroptions   LinkedIn   / altair-investment-consulting   Instagram   / monsteroptions   Facebook   / altair.investment.consulting   Discord   / discord   Website https://altair-investment-consulting.... What is steel? Iron is made by removing oxygen and other impurities from iron ore. When iron is combined with carbon, recycled steel and small amounts of other elements it becomes steel. Steel is an alloy of iron and carbon containing less than 2% carbon and 1% manganese and small amounts of silicon, phosphorus, sulphur and oxygen. Steel is the world's most important engineering and construction material. It is used in every aspect of our lives; in cars and construction products, refrigerators and washing machines, cargo ships and surgical scalpels. How is Steel Made? Steel is produced via two main routes: the blast furnace-basic oxygen furnace (BF-BOF) route and electric arc furnace (EAF) route. Variations and combinations of production routes also exist. The key difference between the routes is the type of raw materials they consume. For the BF-BOF route these are predominantly iron ore, coal, and recycled steel, while the EAF route produces steel using mainly recycled steel and electricity. Depending on the plant configuration and availability of recycled steel, other sources of metallic iron such as direct-reduced iron (DRI) or hot metal can also be used in the EAF route. A total of 70.7% of steel is produced using the BF-BOF route. First, iron ores are reduced to iron, also called hot metal or pig iron. Then the iron is converted to steel in the BOF. After casting and rolling, the steel is delivered as coil, plate, sections or bars. Steel made in an EAF uses electricity to melt recycled steel. Additives, such as alloys, are used to adjust to the desired chemical composition. Electrical energy can be supplemented with oxygen injected into the EAF. Downstream process stages, such as casting, reheating and rolling, are similar to those found in the BF-BOF route. About 28.9% of steel is produced via the EAF route. Another steelmaking technology, the open hearth furnace (OHF), makes up about 0.4% of global steel production. The OHF process is very energy intensive and is in decline owing to its environmental and economic disadvantages. Most steel products remain in use for decades before they can be recycled. Therefore, there is not enough recycled steel to meet growing demand using the EAF steelmaking method alone. Demand is met through a combined use of the BF-BOF and EAF production methods. All of these production methods can use recycled steel scrap as an input. Most new steel contains recycled steel.