(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) SMU October HR Coil $695 up $10 from Sept. China stimulus raised raw materials briefly but came back down as it was smaller than expected. Big River Steel (2) is scheduled to start trials in October with production to begin in November. Cleveland Cliffs purchase of Stelco clears US Department of Justice anti trust review. Steel mills maintenance reduces tons produced. HR lead time 4-7 weeks, CR lead time 5-9 weeks. The US Mills Oct capacity utilization is 72.3%. SMU October CR Coil $940 flat from Sept. Oct Chicago #1 Bush $380EST flat from Sept. Zinc is $1.37LB $1 U.S. Dollar = $1.37 Canadian Dollar.
Zekelman Industries Steel Snapshot for October 2024
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
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