(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Feb HR Coil is $749, up $86 from Jan. President Trump is seeking input for the implementation of the Section 232 case a decision is due by Mid-April. HRC imports continue downward trend. Lead times of HRC have jumped significantly, all mills are controlling order entry and most have customers on allocation. HR lead time 4-9 weeks, CR lead time 5-8 weeks. US Mills capacity utilization rate is 74.5%. Platts Feb CR Coil is $881, up $37 from Jan. Zinc is $1.62lb. Prices continue to soar. Feb Chicago #1 Bush $365 flat from Jan. $1 U.S. Dollar = $1.26 Canadian Dollar.
Zekelman Industries Steel Snapshot – February 2018
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com