(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts January HR Coil $720 up $60 from Dec. Mills have announced two price increases starting in late November of $110 a ton. New mills continue to struggle with additional production due to equipment, and workforce. Nucor Brandenburg produces first plate coil. World steel prices continue to move higher as raw material and energy costs rise. HR lead time 4-6 weeks, CR lead time 6-8 weeks. US Mills Jan capacity utilization rate is 71.3%. Platts January CR Coil $920 up $20 from Dec. January Chicago #1 Bush $415 up $60 from Dec. Zinc is $1.45lb. $1 U.S. Dollar = $1.34 Canadian Dollar.
Zekelman Industries Steel Snapshot for January 2023
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com