(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts April HR Coil $1,500, up $500 from March. Anticipated raw materials shortages from Russia and Ukraine have sent prices up sharply. Parts of China completely locked down due to virus concerns, impacting chips and supply chain . Russia has been dropped from permanent normal trade relations adding ~20% to steel products, except pig iron which is a $1 a ton. HR lead time 4-5 weeks, CR lead time 5-8 weeks. US Mills April capacity utilization rate is 79.7%. Platts April CR Coil $1,900, up $400 from March. April Chicago #1 Bush $760, up $75 from March. Zinc is $2.04lb. $1 U.S. Dollar = $1.27 Canadian Dollar.
Zekelman Industries Steel Snapshot for April 2022
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com