(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts March HR Coil $800 down $100 from Feb. Nucor announced last week new HRC pricing of $825, Mittal also sent out a letter making $825 the new minimum price, Cliffs minimum is $840. Foreign steel is lower priced than US, but buyers are cautious and not purchasing imports. Nippon’s purchase of USS experiencing delays. Mills Mar/Apr maintenance ~330k ton reduction. HR lead time 4-7 weeks, CR lead time 5-9 weeks. US Mills March capacity utilization rate is 78.1%. Platts Mar CR Coil $1,180 down $130 from Feb. Mar Chicago #1 Bush $420 down $60 from Feb. Zinc is $1.14LB. $1 U.S. Dollar = $1.35 Canadian Dollar.
Zekelman Industries Steel Snapshot for March 2024
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com