Discontinued — last reported Q2 '23
Copper Commodity — Derivative Nonmonetary Notional Amount Mass
Steel Dynamics Copper Commodity — Derivative Nonmonetary Notional Amount Mass increased by 24.5% to $41.53K in Q2 2023 compared to the prior quarter. Year-over-year, this metric grew by 435.9%, from $7.75K to $41.53K.
Analysis
How to read this metric
An increase suggests higher hedging activity or increased speculative exposure to copper price movements, while a decrease indicates a reduction in derivative-based commodity risk management.
Detailed definition
This metric represents the total physical quantity of copper underlying derivative contracts held by the company for hed...
Peer comparison
Peers in the metals and mining or industrial manufacturing sectors often disclose similar notional volumes for commodity derivatives to demonstrate their risk management strategy and exposure to raw material price volatility.
stld_segment_copper_commodity_derivative_nonmonetary_notional_amount_massHistorical Data
| Q2 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q4 '22 | Q1 '23 | Q2 '23 | |
|---|---|---|---|---|---|---|---|
| Value | $19.89K | $4.23K | $27.94K | $7.75K | $2.83K | $33.35K | $41.53K |
| QoQ Change | — | -78.7% | +560.5% | -72.3% | -63.5% | >999% | +24.5% |
| YoY Change | — | — | — | -61.0% | -33.2% | +19.4% | +435.9% |
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Frequently Asked Questions
- What is Steel Dynamics's copper commodity — derivative nonmonetary notional amount mass?
- Steel Dynamics (STLD) reported copper commodity — derivative nonmonetary notional amount mass of $41.53K in Q2 2023.
- How has Steel Dynamics's copper commodity — derivative nonmonetary notional amount mass changed year-over-year?
- Steel Dynamics's copper commodity — derivative nonmonetary notional amount mass increased by 435.9% year-over-year, from $7.75K to $41.53K.
- What does copper commodity — derivative nonmonetary notional amount mass mean?
- The total physical weight of copper covered by the company's derivative contracts.