(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts July HR Coil is $539, down $19 from June. Nucor announces their second coil increase in two weeks for a total of $80, others following. US Dept of Commerce has set preliminary duties on fabricated structural steel shipped from Canada into the US that was produced in China (30% to 177%) and Mexico mostly at 74%. Iron Ore pricing remains strong, currently $118/t. HR lead time 3-6 weeks, CR lead time 4-7 weeks. US Mills capacity utilization rate is 79.4%. Platts July CR Coil is $716, down $24 from June. Zinc is $1.08lb. July Chicago #1 Bush $280 down $5 from June. $1 U.S. Dollar = $1.31 Canadian Dollar.
Zekelman Industries Steel Snapshot For Jul 2019
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com