(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) SMU June HR Coil $710 down $70 from May. Nucor purchases downstream company Rytech Corp. a maker of commercial garage doors HRC futures long term pricing more optimistic with October trading at over $800 a short ton. Import receipts have increased the last couple of months, but new orders are expected to drop sharply as there is no price advantage to buy. HR lead time 3-6 weeks, CR lead time 5-9 weeks. The US Mills June capacity utilization is 77.3%. SMU June CR Coil $1,020 down $70 from May. June Chicago #1 Bush $380 down $40 from May.Zinc is $1.29LB. $1 U.S. Dollar = $1.37 Canadian Dollar.
Zekelman Industries Steel Snapshot for June 2024
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com