(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts July HR Coil $1,817, up $173 from June. ATI union ratifies four-year contract extension. Barge, rail and truck availability still limited. Several steel mills have had unplanned outages making short term availability tight. Planned outages at Cliffs, Big River, Gallatin and others will reduce supply in 3rd and 4th quarter. Mills are continuing to allocate tons in September. HR leadtime 8-10weeks, CR leadtime 9-12weeks. US Mills capacity utilization rate is 83.6%. Platts July CR Coil $1,984, up $119 from June. July Chicago #1 Bush $630, is up $20 from June. Zinc is $1.33lb. $1 U.S. Dollar = $1.25 Canadian Dollar.
Zekelman Industries Steel Snapshot for July 2021
14025 West Road
Houston, TX 77041