(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) SMU July HR Coil $650 down $60 from June. USS is insistent the sale to Nippon will happen, Cliffs is adamant that it won’t get approved. Arcelor Mittal, Mexican facility (Lazaro Cardenas) on strike, the dispute is profit sharing calculations. Biden administration is putting a 25% tariff on steel from Mexico if not melted from USMCA. New import orders for steel down sharply. HR lead time 3-6 weeks, CR lead time 5-9 weeks. The US Mills July capacity utilization is 76.3%. SMU July CR Coil $960 down $60 from June. July Chicago #1 Bush $380est flat from June Zinc is $1.31LB. $1 U.S. Dollar = $1.36 Canadian Dollar.
Zekelman Industries Steel Snapshot for July 2024
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com