(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Feb HR Coil is $681, down $39 from Jan. Mills raise prices $40 on all coil products. Vale dam break shuts down some iron ore production in Brazil, prices up $20T. USS Fairfield resumes production on the EAF 1.6 million tons of rounds (billet) capacity. Dept of Commerce has assigned preliminary dumping duties of 26 to 59% on Korean line pipe. HR lead time 3-5 weeks, CR lead time 4-6 weeks. US Mills capacity utilization rate is 81.5%. Platts Feb CR Coil is $798, down $54 from Jan. Zinc is $1.19lb. Feb Chicago #1 Bush $355 down $20 from Jan. $1 U.S. Dollar = $1.32 Canadian Dollar.
Zekelman Industries Steel Snapshot for Feb 2019
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com