(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) SMU May HR Coil $845 down $60 from April. CFIUS review of Nippon’s purchase of USS is expected to give recommendation by May 21st. HR coil import orders lower and new purchases are down due to minimal price advantage. Mills completing spring maintenance and recent production problems appear to be resolved. Cliffs idling Riverdale est 700k annual production. HR lead time 4-6 weeks, CR lead time 5-7 weeks. US steel mills May capacity utilization is 77.5%. SMU May CR Coil $1,045 down $90 from April. May Chicago #1 Bush $430 down $30 from April. Zinc is $1.21LB. $1 U.S. Dollar = $1.39 Canadian Dollar.
Zekelman Industries Steel Snapshot for May 2025
Pipe Exchange
16060 Dillard Drive, Suite 150, Jersey Village, TX 77040
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com