(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Dec HR Coil $1,740, down $100 from Nov. UK is threatening retaliatory tariffs on US products if steel tariffs aren’t eliminated quickly. S Korea, Japan, Turkey want tariffs removed also. Efforts to stop circumvention of steel processed in a country without duties is increasing. China reduces steel production further to have cleaner air for the Winter Olympics. HR lead time 3-5 weeks, CR lead time 5-8 weeks. US Mills Dec capacity utilization rate is 81.9%. Platts Dec CR Coil $2,040, down $100 from Nov. Dec Chicago #1 Bush $580, no change from Nov. Zinc is $1.52lb $1 U.S. Dollar = $1.26 Canadian Dollar.
Zekelman Industries Steel Snapshot for Dec 2021
14025 West Road
Houston, TX 77041