(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts July HR Coil $900 down $280 from June. Stelco and Algoma unions voted for strike authorizations, work continues at Stelco without a new contract, Algoma contract expires July 31. Freight slightly improved but supply still tight. Supply chain continues to impact auto production. Dodge momentum index reaches a 14-year high. Architecture Billing Index continues to be positive. HR lead time 3-5 weeks, CR lead time 5-7 weeks. US Mills July capacity utilization rate is 79.3%. Platts July CR Coil $1,400 down $220 from June. July Chicago #1 Bush $475 down $135 from Jun. Zinc is $1.38lb. $1 U.S. Dollar = $1.31 Canadian Dollar.
Zekelman Industries Steel Snapshot for July 2022
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com