(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Dec HR Coil is $557, up $46 from Nov. Cleveland Cliffs buys AK Steel for $1.1B in stock. Steel mills have raised prices $110, three times in six weeks, more increases possible. USMCA revised agreement signed, expected approval by governments of all three countries. World steel prices are up, countries with 25% tariffs aren’t attractive, lowering import demand. HR lead time 4-8 weeks, CR lead time 5-8 weeks. US Mills capacity utilization rate is 78.7%. Platts Dec CR Coil is $747, up $64 from Nov. Zinc is $1.01lb. Dec Chicago #1 Bush $270, up $30 from Nov. $1 U.S. Dollar = $1.32 Canadian Dollar.
Zekelman Industries Steel Snapshot For Dec 2019
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com