(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) SMU January HR Coil $690 up $15 from Dec. Nippon’s purchase of USS was rejected by Biden. Nippon/USS file lawsuits to overturn decision. USS not expected to make operational changes. BRS2 startup a success, ramping up production. Algoma EAF production to start 1st qtr. of 2025. Trumps tariffs of 25% on Mexico and Canada products scheduled to start on January 20th. HR lead time 4-6 weeks, CR lead time 5-8 weeks. US Mills January capacity utilization is 73.6%. SMU January CR Coil $910 up $20 from Dec. Jan Chicago #1 Bush $390E up $10 from Dec. Zinc is $1.27LB. $1 U.S. Dollar = $1.44 Canadian Dollar.
Zekelman Industries Steel Snapshot for January 2025
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com