(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Sept HR Coil is $567, down $31 from Aug. Steel imports are down sharply for August, with a further reduction forecasted for September. Planned maintenance outages for the 4th quarter will take out 630k tons of capacity. Iron Ore and Coke prices have levelled. Steel tariffs and quotas appear to have stabilized with no apparent changes imminent. HR lead time 3-6 weeks, CR lead time 4-7 weeks. US Mills capacity utilization rate is 78.8%. Platts Sept CR Coil is $742, down $6 from Aug. Zinc is $1.06lb. Sept Chicago #1 Bush $260 down $40 from Aug. $1 U.S. Dollar = $1.32 Canadian Dollar.
Zekelman Industries Steel Snapshot For Sep 2019
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com