(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) SMU April HR Coil $835 up $20 from March. Nucor announces new spot Hot Rolled Coil program, with firm pricing and one week validity. Iron Ore & Coke price weak, low China demand. New buyer for AHMSA is planning a September partial opening, seems extremely optimistic. CR and Galvanized pricing remains very strong. Automotive inventory is trending upward. HR lead time 4-7 weeks, CR lead time 5-9 weeks. US Mills April capacity utilization rate is 78.6%. SMU April CR Coil $1,150 up $45 from March. April Chicago #1 Bush $420 flat from March. Zinc is $1.20LB. $1 U.S. Dollar = $1.36 Canadian Dollar.
Zekelman Industries Steel Snapshot for April 2024
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com