(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Jan HR Coil is $1,074, up $217 from Dec. Mills HRC spot tons availability is extremely limited, which is causing buyers to panic and pay any price the mills quote, this data is collected for the indexes and then used in the contracts culminating in large monthly price increases. Big River ramping up volume on 2nd caster, JSW Ohio + Cliffs 2nd furnace in Clev startup in March. HR leadtime 8-10weeks, CR leadtime 9-12weeks. US Mills capacity utilization rate is 75.4%. Platts Jan CR Coil is $1,224, up $221 from Dec. Zinc is $1.25lb. Jan Chicago #1 Bush $480, up $100 from Dec. $1 U.S. Dollar = $1.27 Canadian Dollar.
Zekelman Industries Steel Snapshot for January 2021
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com