(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts April HR Coil is $695, up $3 from March. US Oil/Gas rig count is 1,098, this is up 21 from previous week, up 15 from same week last year. Several mills taking maintenance outages in April and May, this isn’t expected to impact availability. Steel imports remain unattractive due to long lead times and high pricing adding in the tariffs. HR lead time 2-8 weeks, CR lead time 5-8 weeks. US Mills capacity utilization rate is 82.8%. Platts April CR Coil is $834, up $9 from March. Zinc is $1.34lb.. April Chicago #1 Bush $350 down $25 from Mar.. $1 U.S. Dollar = $1.33 Canadian Dollar.
Zekelman Industries Steel Snapshot for April 2019
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com