(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts August HR Coil $1,896, up $79 from July. Planned maintenance for the balance of the year will reduce available supply by ~2M tons. Mills continue to allocate tons in October and are effectively sold out through the calendar year. The global chip shortage will impact automotive production at a minimum into 2022 maybe 2023. Section 232 being renegotiated with a Nov target. HR leadtime 8-10weeks, CR leadtime 9-12weeks. US Mills capacity utilization rate is 84.8%. Platts August CR Coil $2,097, up $113 from July. Aug Chicago #1 Bush $630, no change from July. Zinc is $1.37lb. $1 U.S. Dollar = $1.25 Canadian Dollar.
Zekelman Industries Steel Snapshot for Aug 2021
14025 West Road
Houston, TX 77041