Consider Hedging to Combat Steel Price Volatility
During a recent speaking engagement in Mexico, Standard Steel Trading's Jon Putman found the global steel industry remains very concerned about volatility cycles.
Standard Steel Trading Company, an Atlanta based firm headed by Jonathan Putman, combines the experience of a registered commodity broker with physical trading capabilities. SST’s approach to steel risk management provides a unique opportunity for financial risk protection for companies that purchase steel.
Standard Steel Trading, in addition to providing brokerage services for steel futures and options, buys steel. They will buy from your supplier and sell to you or they will buy from you and sell to your customer. SST utilizes its combination of steel purchasing and commodity brokerage services to hedge purchases in order to offer you a choice of its fixed price or consigned inventory programs. Standard Steel Trading gets results for you without coming between you and your steel suppliers.
The Fixed Price Program from Standard Steel Trading fixes your steel price for an extended period of time. We buy at spot, market or CRU based price and don’t come between you and your supplier or your customer.
Standard Steel Trading is happy to provide access to our steel price & futures weekly charting service.
Standard Steel Trading provides this link to Daily Settlements for U.S. Midwest Domestic Hot-Rolled Coil Steel Index Futures.
Standard Steel Trading provides this link to CME/NYMEX Steel Futures Prices.