(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Sept HR Coil $1,957, up $61 from August Coil imports expected to grow in 4th quarter. Non-US steel prices dropping due to slowdowns. Automotive shutdowns increasing with reduced shipments of chips, short term supply is down as production decreases from the China virus. Section 232 expected to be changed to a quota then excess tons would be subject to a tariff. HR leadtime 8-10weeks, CR leadtime 9-12weeks. US Mills Sept capacity utilization rate is 84.5%. Platts Sept CR Coil $2,160, up $63 from August. Sept Chicago #1 Bush $580, down $50 from Aug. Zinc is $1.38lb $1 U.S. Dollar = $1.27 Canadian Dollar.
Zekelman Industries Steel Snapshot for Sep 2021
14025 West Road
Houston, TX 77041