(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Aug HR Coil is $444, down $26 from July. Steel demand is strong for auto, appliances and construction. World prices for steel will keep imports very low, some countries prices are higher than US prior to adding the Section 232 tariffs and duties. US Government reviewing steel imports from Brazil, Canada and Mexico that could lead to reducing quotas or reinstating 232 tariffs. HR lead time 3-6 weeks, CR lead time 4-6 weeks. US Mills capacity utilization rate is 60.4%. Platts Aug CR Coil is $614, down $25 from July. Zinc is $1.08lb.. August Chicago #1 Bush $260, July was $280. $1 U.S. Dollar = $1.33 Canadian Dollar.
Zekelman Industries Steel Snapshot For Aug 2020
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com