SMU August HR Coil $1,180 up $20 from July. SMU August CR Coil $1,400 up $40 from July. August Chicago #1 Bush at $450, unchanged from July. Steel market indices continue to move toward $1,200 due to limited spot supply, steady demand, and low import competition. US steel industry latest capacity utilization is 78.8%; when combined with inventories at multi-year lows leaves no absorption capacity for unplanned outages. Union contracts with Cliffs and USS expire 9/1/26, negotiations are underway. HR lead times 7-10 weeks and CR lead times 8-12 weeks. USS Gary #14 furnace will come back from the reline in the coming weeks. July import licenses at 2.294 million short tons, the highest in 14 months. Zinc is $1.71/LB. Zinc extended its run to a four-year high. $1 U.S. Dollar = $1.39 Canadian Dollar.