(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Feb HR Coil $900 down $200 from Jan. Algoma has resolved it’s, coke supply issues and is in the process of bringing back the caster and expects to be at full production early next week. Nippon’s purchase of USS is running into resistance from USW and politicians to cancel the sale, a decision may be delayed until 2025. Auto inventory continues to build now at 56 days. HR lead time 3-6 weeks, CR lead time 4-8 weeks. US Mills Feb capacity utilization rate is 77%. Platts Feb CR Coil $1,310 down $20 from Jan. Feb Chicago #1 Bush $480 down $30 from Jan. Zinc is $1.04LB .$1 U.S. Dollar = $1.35 Canadian Dollar.
Zekelman Industries Steel Snapshot for February 2024
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com