(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts August HR Coil is $598, up $59 from July. Steel imports surged in July predominately due to slabs from Brazil and quarterly quotas. USS sends letter to customers that it will no longer accept index priced purchase orders. All new contracts will be monthly, quarterly or yearly fixed priced. Iron Ore pricing dropped sharply currently $88/t HR lead time 3-6 weeks, CR lead time 4-7 weeks. US Mills capacity utilization rate is 80.2%. Platts August CR Coil is $748, up $32 from July. Zinc is $1.04lb. August Chicago #1 Bush $300 up $20 from July. $1 U.S. Dollar = $1.32 Canadian Dollar.
Zekelman Industries Steel Snapshot For Aug 2019
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com