AgenticInvestor

North European Hot-Rolled Coil Steel (Argus) Futures

Industrial metals · Monthly series · CM-EHR1.COMEX

Latest, October 2026

769.00 EUR (exchange quote)

+3.9% from September 2026

Open interactive chartNorth European Hot-Rolled Coil Steel (Argus) Futures in the app

1400901402April 2020October 2027
History through October 2026, the forecast path to October 2027 (dashed) and its 80% interval (shaded).

Forecast

Forecast for October 2027: 764.97 EUR (exchange quote), with an 80% interval of 554.34 EUR (exchange quote) to 1,135.31 EUR (exchange quote).

Forecast path. Intervals are shown where available.
PeriodForecast80% low80% high
November 2026781.12 EUR (exchange quote)731.94 EUR (exchange quote)832.79 EUR (exchange quote)
December 2026789.72 EUR (exchange quote)705.28 EUR (exchange quote)887.80 EUR (exchange quote)
January 2027795.44 EUR (exchange quote)682.53 EUR (exchange quote)937.73 EUR (exchange quote)
February 2027799.78 EUR (exchange quote)663.89 EUR (exchange quote)981.85 EUR (exchange quote)
March 2027803.17 EUR (exchange quote)645.94 EUR (exchange quote)1,019.65 EUR (exchange quote)
April 2027798.31 EUR (exchange quote)628.02 EUR (exchange quote)1,046.62 EUR (exchange quote)
May 2027790.02 EUR (exchange quote)609.84 EUR (exchange quote)1,062.24 EUR (exchange quote)
June 2027783.18 EUR (exchange quote)594.59 EUR (exchange quote)1,082.33 EUR (exchange quote)
July 2027778.24 EUR (exchange quote)578.30 EUR (exchange quote)1,106.11 EUR (exchange quote)
August 2027772.91 EUR (exchange quote)569.65 EUR (exchange quote)1,113.13 EUR (exchange quote)
September 2027764.90 EUR (exchange quote)560.68 EUR (exchange quote)1,120.01 EUR (exchange quote)
October 2027764.97 EUR (exchange quote)554.34 EUR (exchange quote)1,135.31 EUR (exchange quote)

Model: Agentic Investor TSFM (foundation model). Forecast generated 2026-11-14.

AI confidence

Limited evidence

At least 6 complete tests are required; 3 are available.

Model: Agentic Investor TSFM (foundation model)

Accuracy vs naive
n/aToo few tests (3 tests, 6 needed) (3 tests, 1 won)
Direction
n/aToo few tests (3 tests, 6 needed) (18 of 35 calls right in 3 tests)
Turning points
n/aToo few tests (3 tests, 6 needed) (13 turns in 3 tests, 0 without a turn)
Error vs baseline
43% higherError ratio 1.43; 1.00 is a tie.
Tests won
1 / 3Complete rolling backtests; ties count as no win.
Test period
2023-11-01 to 2026-10-0112 observations ahead per test.
80% band coverage
100%Observed outcomes inside the band across all stored test windows.
How this assessment is made

AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.

Replay past tests

Model comparison

Comparison pendingA new ticker first receives its serving model's forecast and evaluation. An eligible nightly batch can compare four classes, subject to call budgets and retry limits.

Reading

It is above 72% of the 78 earlier readings since April 2020.

Written from the figures by a fixed template; no AI model is involved.

Recent history (24 observations)
The 24 most recent observations, newest first.
PeriodValue
October 2026769.00 EUR (exchange quote)
September 2026740.00 EUR (exchange quote)
August 2026743.00 EUR (exchange quote)
July 2026720.00 EUR (exchange quote)
June 2026675.00 EUR (exchange quote)
May 2026680.00 EUR (exchange quote)
April 2026694.00 EUR (exchange quote)
March 2026729.00 EUR (exchange quote)
February 2026686.00 EUR (exchange quote)
January 2026643.00 EUR (exchange quote)
December 2025643.00 EUR (exchange quote)
November 2025623.00 EUR (exchange quote)
October 2025605.00 EUR (exchange quote)
September 2025567.00 EUR (exchange quote)
August 2025595.00 EUR (exchange quote)
July 2025546.00 EUR (exchange quote)
June 2025558.00 EUR (exchange quote)
May 2025590.00 EUR (exchange quote)
April 2025610.00 EUR (exchange quote)
March 2025645.00 EUR (exchange quote)
February 2025638.00 EUR (exchange quote)
January 2025608.00 EUR (exchange quote)
December 2024580.00 EUR (exchange quote)
November 2024560.00 EUR (exchange quote)

Source

Data: public market data feeds.

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