(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts April HR Coil is $881, up $28 from March. S Korea agrees to quotas, this will reduce shipments to 70% of the 2015 to 2017 average. Quotas are being negotiated with Brazil and many other countries to avoid tariffs. Steel mills continue to keep customers on allocation based on purchase history. JSW (India) is purchasing Acero Junction with plans to restart the melting operation. HR lead time 5-9 weeks, CR lead time 5-9 weeks. US Mills capacity utilization rate is 77%. Platts April CR Coil is $1,002, up $33 from March. Zinc is $1.48lb.. April Chicago #1 Bush $385 up $10 from March.
Zekelman Industries Steel Snapshot – April 2018
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