(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) SMU March HR Coil $950 up $190 from Feb. Nippon purchase status of USS has gone quiet. Tariff uncertainty creating market chatter. Total steel imports for Jan up sharply from Dec. Spot pricing of Iron Ore and Coking Coal is flat. Illinois river lock now planned to open April 4th this is a month earlier than previous expectations Light car sales averaging ~16M annually. HR lead time 5-8 weeks, CR lead time 6-9 weeks. US Mills March capacity utilization is 75%. SMU March CR Coil $1,115 up $165 from Feb. March Chicago #1 Bush $480 up $30 from Feb. Zinc is $1.30LB . $1 U.S. Dollar = $1.44 Canadian Dollar.
Zekelman Industries Steel Snapshot for March 2025
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