(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) SMU May HR Coil $780 down $55 from April. USS Big River (2) startup expected 4th quarter. Mittal Calvert expecting to start production 4th quarter, they will continue to purchase slabs. Nippon’s planned purchase of USS has been pushed to after the elections, many are objecting. HRC imports for April are up from March. Automotive average inventory up to ~50 days. HR lead time 3-6 weeks, CR lead time 5-9 weeks. The US Mills May capacity utilization rate is 77%. SMU May CR Coil $1,090 down $60 from April. May Chicago #1 Bush $400EST -$20 from April. Zinc is $1.30LB. $1 U.S. Dollar = $1.38 Canadian Dollar.
Zekelman Industries Steel Snapshot for May 2024
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com