(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Jan HR Coil $1,440, down $300 from Dec. Coil import receipts expected to be lower by Mar. Further delays of new sheet capacity at SDI, Nucor and North Star now have an expected startup of late 1st Qtr or early 2nd Qtr. USS Granite City to take 25-day maint outage. USS announces new sheet mill at Osceola Ark. Nucor announces new sheet mill at Weirton WV. HR lead time 3-5 weeks, CR lead time 5-8 weeks. US Mills Jan capacity utilization rate is 82.3%. Platts Jan CR Coil $1,880, down $160 from Dec. Jan Chicago #1 Bush $520, down $60 from Dec. Zinc is $1.62lb. $1 U.S. Dollar = $1.25 Canadian Dollar.
Zekelman Industries Steel Snapshot for January 2022
14025 West Road
Houston, TX 77041