(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Feb HR Coil $1,140, down $300 from Jan. SDI Sinton melts and rolls first coil. Ford having more shutdowns due to lack of chips. Japan agrees to quota of 1.25MT annually. Nucor completes purchase of CSI. USS and Cliffs maintenance plan for March and April will take out ~700k tons of production. USS breaks ground on new facility at Osceola. HR lead time 3-5 weeks, CR lead time 5-8 weeks. US Mills Feb capacity utilization rate is 81.1%. Platts Feb CR Coil $1,640, down $240 from Jan. Feb Chicago #1 Bush $495, down $25 from Jan. Zinc is $1.66lb. $1 U.S. Dollar = $1.27 Canadian Dollar.
Zekelman Industries Steel Snapshot for February 2022
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com