GABY AIN IN SMU: HOW LONG WILL THE RALLY LAST?

HR FUTURES: HOW LONG WILL THE RALLY LAST?

After weeks of uncertainty, the steel market has moved firmly into rally territory. In her latest Steel Market Update column, Gaby Ain examines shifts in the HRC futures curve that suggest the rally has gained short-term staying power into early Q1.

While near-term fundamentals support continued strength, longer-dated pricing reflects ongoing skepticism—highlighting a market that believes in momentum, but not a lasting repricing.