(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts February HR Coil $820 up $100 from Jan. Mills have announced four price increases since late November for a total of $210 a ton. New mills continue to struggle with additional production due to equipment, and new workforce. USS Mon Valley restarts second furnace. Steel import prices non-competitive with tariffs, high raw material and energy costs. HR lead time 5-6 weeks, CR lead time 6-8 weeks. US Mills Feb capacity utilization rate is 74.1%. Platts February CR Coil $990 up $70 from Jan. Feb Chicago #1 Bush $445 up $30 from Jan. Zinc is $1.43lb. $1 U.S. Dollar = $1.34 Canadian Dollar.
Zekelman Industries Steel Snapshot for February 2023
14025 West Road
Houston, TX 77041