(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts March HR Coil is $692, up $11 from Feb. Mills have raised prices an additional $40 on all coil products, making the total increases $80. Negotiations are ongoing to remove the 25% tariffs with Canada and Mexico, the final settlement would likely be a quota. Imports continue to go down, no price advantage to bring in foreign supply. HR lead time 3-6 weeks, CR lead time 5-8 weeks. US Mills capacity utilization rate is 83.4%. Platts March CR Coil is $825, up $27 from Feb. Zinc is $1.33lb.. March Chicago #1 Bush $375 up $20 from Feb. $1 U.S. Dollar = $1.32 Canadian Dollar.
Zekelman Industries Steel Snapshot for Mar 2019
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com