(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Dec HR Coil is $751, down $69 from Nov. Steel imports lower in November, forecast is for a December reduction, primarily due to slabs. US, Canada and Mexico signed new trade agreement, but steel tariffs are unresolved. USW union ratifies 4 year contract with Mittal. JSW Ohio is having difficulty restarting the Electric Arc Furnace. HR lead time 3-5 weeks, CR lead time 4-6 weeks. US Mills capacity utilization rate is 80%. Platts Dec CR Coil is $863, down $45 from Nov. Zinc is $1.20lb. December Chicago #1 Bush $405 flat from Nov. $1 U.S. Dollar = $1.33 Canadian Dollar.
Zekelman Industries Steel Snapshot for Dic 2018
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com