(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts April HR Coil is $501, down $86 from Mar. Integrated mills are idling blast furnaces, mini mills are significantly cutting production to reduce supply as demand has slowed due to the China Virus and plummeting oil prices. World steel demand and prices down sharply, import prices still not competitive with tariffs. Several steel projects have been put on hold. HR lead time 3-6 weeks, CR lead time 4-7 weeks. US Mills capacity utilization rate is 68.5%. Platts April CR Coil is $691, down $61 from Mar. Zinc is $.86lb. Apr Chicago #1 Bush $270E, down $30 from Mar. $1 U.S. Dollar = $1.41 Canadian Dollar.
Zekelman Industries Steel Snapshot For Apr 2020
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com