(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Aug HR Coil is $903, down $17 from July. US to/from Canada and the US to/from Mexico shipments 25% on steel products still in effect. Rumors that Big River is considering selling and that Nucor, SDI and USS/Posco are pursuing. NLMK, CSI and Mittal have applied for tariff exemptions for slabs, Nucor, AK Steel and USS objected saying domestic slabs are available. HR lead time 4-6 weeks,CR lead time 5-7 weeks. US Mills capacity utilization rate is 78%. Platts Aug CR Coil is $1,009, up $5 from July. Zinc is $1.20lb. Aug Chicago #1 Bush $395 down $10 from July. $1 U.S. Dollar = $1.31 Canadian Dollar.
Zekelman Industries Steel Snapshot for Aug 2018
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com