(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Mar HR Coil $1,000, down $140 from Feb. Mills keeping April order books closed due to uncertainly of raw material availability and cost. Russia/Ukraine war impacting pig iron supply. Brazil struggling to supply additional pig iron. Europe coil prices up significantly, due to lower shipments from Russia and higher energy costs. Maintenance outages tighten supply for April. HR lead time 4-5 weeks, CR lead time 5-8 weeks. US Mills March capacity utilization rate is 80%. Platts Mar CR Coil $1,500, down $140 from Feb. March Chicago #1 Bush $670, up $175 from Feb. Zinc is $1.80lb. $1 U.S. Dollar = $1.28 Canadian Dollar.
Zekelman Industries Steel Snapshot for March 2022
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com