(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Dec HR Coil is $857, up $155 from Nov. Contract tons are taking most of available HRC, and CRC capacity, very limited spot availability. Cleveland Cliffs is completing the acquisition of most of the Mittal USA assets today. USS announces plan to complete the purchase of Big River in the 1st quarter of 2021. Iron ore, coke prices strong due to high demand. HR leadtime 7-10weeks, CR leadtime 9-12weeks. US Mills capacity utilization rate is 71.4% . Platts Dec CR Coil is $1,003, up $111 from Nov. Zinc is $1.27lb. Dec Chicago #1 Bush $380, up $80 from Nov. $1 U.S. Dollar = $1.28 Canadian Dollar.
Zekelman Industries Steel Snapshot For December 2020
14025 West Road
Houston, TX 77041