(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Feb HR Coil is $1,190, up $116 from Jan. Shortage of semi conductor chips for auto and trucks is causing production shutdowns and is reducing steel requirements. Court of International Trade upholds presidential authority to use Section 232 tariffs. Coil imports more attractive as domestic prices continue to rise, and world prices are dropping. HR leadtime 8-10weeks, CR leadtime 9-12weeks. US Mills capacity utilization rate is 75.2%. Platts Feb CR Coil is $1,364, up $140 from Jan. Zinc is $1.23lb.. Feb Chicago #1 Bush $480, no change from Jan. $1 U.S. Dollar = $1.27 Canadian Dollar.
Zekelman Industries Steel Snapshot for February 2021
14025 West Road
Houston, TX 77041