(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts August HR Coil $810 down $90 from July. Nucor raises coil prices a minimum of $50/ton. Stelco and Algoma contracts have expired with unions still working as negotiations continue. SDI (Sinton), Nucor Gallatin and North Star Blue Scope ramping up new production capacity. Planned mills maintenance through the balance of the year will take out ~800k tons of capacity. HR lead time 3-5 weeks, CR lead time 5-7 weeks. US Mills August capacity utilization rate is 78.2%. Platts Aug CR Coil $1,180 down $220 from July. Aug Chicago #1 Bush $405 down $70 from July. Zinc is $1.63lb. $1 U.S. Dollar = $1.29 Canadian Dollar.
Zekelman Industries Steel Snapshot for August 2022
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com