SMU February HR Coil $975 up $40 from January. SMU February CR Coil $1,125 up $25 from January. January Chicago #1 Bush $450 up $30 from January. The domestic mills will take their semi-annual maintenance outages March through June. Algoma produced its last heat of steel from the BOF in January 2026, has shifted to a one EAF operation as the second EAF is being completed. AISI reported that US steel shipments totaled 7.45M tons in December 2025, up 5.4% from November and a 3.5% increase from December 2024. HR lead time 5-9 weeks and CR lead time 6-10 weeks. US steel mills latest capacity utilization is 77.1%. Zinc is $1.55/LB. $1 U.S. Dollar = $1.36 Canadian Dollar.
Zekelman Industries Steel Snapshot – February 2026
Pipe Exchange
16060 Dillard Drive, Suite 150, Jersey Village, TX 77040
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com