(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts March HR Coil $1,1000 up $280 from Feb, Mills have announced seven price increases since late November up $460 to $560 a ton making the minimum spot price $1,100 to $1,200. New mills are making progress and expect improved production in the second quarter. Steel imports are now competitive with domestic prices, but long lead times prohibit placements. HR lead time 5-9 weeks, CR lead time 6-9 weeks. US Mills March capacity utilization rate is 74.4%. Platts March CR Coil $1,320 up $330 from Feb. March Chicago #1 Bush $515E up $70 from Feb. Zinc is $1.36lb. $1 U.S. Dollar = $1.38 Canadian Dollar.
Zekelman Industries Steel Snapshot for March 2023
14025 West Road
Houston, TX 77041