Covered Commodity and Power Product
US Midwest HRC Steel
HRC=F · Front-month continuous futures · USD per short ton
Current futures price$1,410.00
Historical chart
AI-Assisted Chart Analysis
US Midwest HRC Steel technical analysis
Calculated from verified chart history for the selected tenor; no news or fundamental assumptions are used.
Constructive uptrend: the latest level is above the 50-period average and the 50-period average is above the 200-period average.
RSI is 95, a extended reading. Above 70 can signal extension; below 30 can signal exhaustion.
The first technical watch zone is 1,276.00. A break below 1,194.00 invalidates the near-term support setup.
The first resistance/watch zone is 1,410.00. A confirmed break above 1,410.00 supports continuation.
Annualized realized volatility is +24.9%. Maximum lookback drawdown is -43.0%, from a high-water mark of 1,149.00 to 655.00.
Potential levels are conditional chart scenarios, not personalized advice or instructions to buy or sell.
Current signal
- The front-month continuous US Midwest HRC Steel futures contract is monitored in USD per short ton via CME Group specifications, but no current price or settlement data is present in available verified data.
- A directional market signal cannot be established due to the absence of dated observations within the 7-day evidence window.
What changed
- No short-term or multi-period price change can be calculated because no prior or current settlement data was recorded.
- Available verified data lacks recent transaction volume, open interest, or prompt-month price shifts for US Midwest HRC Steel.
Why it matters
- Without verified spot or futures pricing, evaluating margin pressures on domestic steelmakers or input costs for auto and construction sectors requires waiting for official market updates.
- Tracking HRC Steel price levels is essential for assessing industrial demand transmission and broader manufacturing cost trends once exchange feed data becomes available.
Bullish factors
- Potential supply constraints, trade policy adjustments, or mill capacity outages represent key structural factors that could support prices upon signal confirmation.
- An unexpected expansion in domestic industrial production or automotive manufacturing would typically bolster spot and futures demand.
Bearish factors
- A contraction in U.S. manufacturing activity or weaker commercial construction demand could weigh on Midwest hot-rolled coil prices.
- Rising mill service-center inventories or lower scrap input costs would present downside pressure on continuous futures values.
Key catalysts
- Official settlement price updates from CME Group provide the immediate structural catalyst to establish a valid market trend.
- Subsequent reports covering U.S. steel mill utilization rates and service-center inventory levels will serve as primary fundamental drivers.
Key risks
- Trading without verified market pricing risks misjudging current steel mill margin spreads and demand momentum.
- Uncertainty regarding trade protection measures or import quota adjustments creates unquantified supply-side risk.
Upcoming reports
- The next CME Group daily futures settlement data publication will provide updated prompt-month pricing.
- Future weekly trade and production updates from relevant industry associations will clarify mill supply and domestic demand dynamics.
Latest verified updates
- Official contract references confirm the product structure as US Midwest HRC Steel continuous futures quoted in USD per short ton in the United States.
- No new pricing, inventory, or regulatory updates have been reported in available verified data for this contract period.
Sources
Yahoo Finance delayed futures data
- CME GroupOfficialofficial futures contract and settlement context
- CFTCOfficialofficial positioning data
- EIAOfficialofficial U.S. energy inventories, supply, and demand
- OPECOfficialofficial oil-market publications
- IEAOfficialglobal energy demand and supply analysis
- LBMAOfficialprecious-metals benchmark and market data
- World Gold CouncilAnalyst Opiniongold demand, flows, and market structure
- USGSOfficialofficial mine supply and minerals data
- ICEOfficialofficial TTF gas and API2 coal contract specifications
- EEXOfficialofficial German and European power contract information
- PJM Data MinerOfficialofficial PJM load, LMP, constraint, and outage data
- ERCOTOfficialofficial ERCOT load, price, reserve, and generation data
- ENTSO-EOfficialofficial European load, generation, and cross-border power data
- GIE AGSIOfficialofficial European gas-storage observations
- World Nuclear AssociationReportednuclear fuel-cycle and uranium supply context
- Reuters CommoditiesReportedprofessional commodity-market reporting
- S&P Global Commodity InsightsAnalyst Opinionprofessional supply, demand, and price opinion
- ING THINK CommoditiesAnalyst Opinionprofessional commodity strategy opinion
- Public commodity discussionSocial Signalunverified commodity sentiment and claims requiring confirmation
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