(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts August HR Coil $790 down $100 from July. SDI Sinton has restarted with strong production. UAW president very aggressive negotiation with auto companies has many expecting a strike. Steel import licenses down 22% MOM. Nucor WV receives final approval allowing for start of construction of their new flat rolled mill. AHMSA won’t be producing steel in 2023. HR lead time 3-6 weeks, CR lead time 5-7 weeks. US Mills August capacity utilization rate is 75.9%. Platts Aug CR Coil $1,020 down $110 from July. August Chicago #1 Bush $450 flat from July. Zinc is $1.10lb. $1 U.S. Dollar = $1.34 Canadian Dollar.
Zekelman Industries Steel Snapshot for August 2023
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com