(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts April HR Coil $1,175 up $75 from March. The continued shortage of construction workers in some areas has created a demand backlog. New mills are still struggling to run at capacity, the expectation is that volume will significantly increase by the end of the second quarter. AHMSA has a potential buyer, but it will likely be several months before production resumes. HR lead time 5-9 weeks, CR lead time 6-9 weeks US Mills April capacity utilization rate is 74.4%. Platts April CR Coil $1,400 up $80 from March. April Chicago #1 Bush $545 flat from March. Zinc is $1.26lb. $1 U.S. Dollar = $1.35 Canadian Dollar.
Zekelman Industries Steel Snapshot for April 2023
14025 West Road
Houston, TX 77041