(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Jan HR Coil is $583, up $26 from Dec. Nucor raised prices for flat rolled steel $40, Mittal and NLMK have followed, this is the fifth round of price increases since Oct for a total of $200 a ton. Scrap and iron ore price increases, combined with supply reductions at USS and Mittal are emboldening mills to seek higher prices. House approved USMCA, Senate approval soon. HR lead time 4-8 weeks, CR lead time 5-8 weeks. US Mills capacity utilization rate is 82%. Platts Jan CR Coil is $772, up $25 from Dec. Zinc is $1.09lb. Jan Chicago #1 Bush $300, up $30 from Dec. $1 U.S. Dollar = $1.30 Canadian Dollar.
Zekelman Industries Steel Snapshot For Jan 2020
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com