(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts July HR Coil is $470, down $39 from June. USS Gary and AK Dearborn bringing back supply as they plan to produce steel from hot idled furnaces in July, mainly for automotive. USMCA approved by all countries, has increased enforcement to stop duty circumvention. International Trade Commission keeps duties for Oil Country Tubular Goods from five countries. HR lead time 2-7 weeks, CR lead time 4-8 weeks. US Mills capacity utilization rate is 56.6%. Platts July CR Coil is $639, down $28 from June. Zinc is $.96lb. July Chicago #1 Bush $280E, June was $320
$1 U.S. Dollar = $1.35 Canadian Dollar.