(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts April HR Coil is $1,343, up $100 from Mar. Significant planned maintenance, predominately scheduled in June will reduce steel supply. Coil imports are increasing from several countries forecasted to stay strong through July. Steel prices from China are moving up with the expectation that export rebate will be decreased. ATI rolling coils with mgmt. and temp workers. HR leadtime 8-10weeks, CR leadtime 9-12weeks. US Mills capacity utilization rate is 77.6%. Platts April CR Coil is $1,547, up $97 from March. Zinc is $1.27lb. April Chicago #1 Bush $550, is flat from March. $1 U.S. Dollar = $1.26 Canadian Dollar.
Zekelman Industries Steel Snapshot for April 2021
14025 West Road
Houston, TX 77041