(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Sept HR Coil is $862, down $41 from Aug. Mills scheduling 4th QTR maintenance at SDI (Butler and Columbus), Mittal all plants, NLMK, Big River, Nucor (Craw, Gallatin and Decatur). Nucor Gallatin board approved plans to add ~1.4M tons capacity, expect 2 years to complete.
USW contract expired Sept 1st with Mittal and USS, production continues and talks are ongoing. HR lead time 3-5 weeks, CR lead time 4-6 weeks. US Mills capacity utilization rate is 80.2%. Platts Sept CR Coil is $970, down $39 from Aug. Zinc is $1.07lb. Sept Chicago #1 Bush $375 down $20 from Aug. $1 U.S. Dollar = $1.31 Canadian Dollar.