(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Jan HR Coil is $720, down $31 from Dec. HRC import pricing isn’t attractive after adding the cost of duties, tariffs and shipping. No resolution appears imminent on the 25% steel tariffs with Canada and Mexico into the US. A steel wall at the border of the US and Mexico would use 3M tons of steel. JSW Ohio has successfully melted slabs. HR lead time 2-4 weeks,CR lead time 3-5 weeks. US Mills capacity utilization rate is 80%. Platts Jan CR Coil is $852, down $11 from Dec. Zinc is $1.15lb. Jan Chicago #1 Bush $375E down $30 from Dec. $1 U.S. Dollar = $1.32 Canadian Dollar.
Zekelman Industries Steel Snapshot for Jan 2019
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com