(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts December HR Coil $660 up $5 from Nov. Cliffs leads the second round of price increases up an additional $50 other mills are following. World Trade Organization (WTO) rules that US steel and alum tariffs put in place for security reasons are invalid, US position in unchanged. World steel prices are moving higher. Raw material costs up as China back in market. HR lead time 3-5 weeks, CR lead time 5-7 weeks. US Mills Dec capacity utilization rate is 73.3%. Platts Dec CR Coil $900 down $40 from Nov. Dec Chicago #1 Bush $355 up $30 from Nov. Zinc is $1.47lb.$1 U.S. Dollar = $1.36 Canadian Dollar.
Zekelman Industries Steel Snapshot for December 2022
14025 West Road
Houston, TX 77041