STEEL FUTURES UPDATES FROM FLACK CAPITAL MARKETS

The steel market remains rangebound, with spot prices steady amid mill price hikes and tariff speculation. Daniel Doderer and Sean Kessler break it down in the latest Steel Market Update, highlighting a steep contango in steel futures through May 2025 and prices holding near $800. With resistance at $750, support at $720, and open interest climbing, the market is coiled as demand signals and trade policy developments loom.