(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) SMU June HR Coil $860 up $15 from May. Nippon is finalizing contract agreement with the US government officials to complete purchase and $14B investment in United States Steel. HR coil import placements are significantly lower; there is no price advantage to procure, buyers are also cancelling current purchase orders. HR lead time 4-5 weeks, CR lead time 5-7 weeks. US steel mills June capacity utilization is 79.5% this is a three year high for production. SMU June CR Coil $1,070 up $25 from May. June Chicago #1 Bush $430 flat from May. Zinc is $1.19LB. $1 U.S. Dollar = $1.37 Canadian Dollar.
Zekelman Industries Steel Snapshot for June 2025
Pipe Exchange
16060 Dillard Drive, Suite 150, Jersey Village, TX 77040
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com