Zekelman Industries Steel Snapshot For Feb 2020

Zekelman Industries Steel Snapshot For Feb 2020

(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Feb HR Coil is $584, up $1 from Jan. Countries labeled as currency manipulators could be required to pay countervailing duties on steel imports into the United States. Coronavirus reducing prod and usage in China. Department of Commerce has levied preliminary duties on (CORE) substrate made in Taiwan and China that is further processed in other countries. HR lead time 3-7 weeks, CR lead time 4-8 weeks. US Mills capacity utilization rate is 81.4%. Platts Feb CR Coil is $770, down $2 from Jan. Zinc is $.98lb. Feb Chicago #1 Bush $290, down $10 from Jan. $1 U.S. Dollar = $1.33 Canadian Dollar.

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