(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts May HR Coil is $642, down $53 from April. Zekelman Industries announces the construction of the world’s largest continuous ERW tube mill. USS announced a $1.2B investment in Mon Valley Works continuous caster, other upgrades. Steel imports to USA continue downward trend, due to Section 232 tariffs and quarterly quotas. HR lead time 3-6 weeks, CR lead time 4-8 weeks. US Mills capacity utilization rate is 82.3%. Platts May CR Coil is $778, down $56 from April. Zinc is $1.27lb.. May Chicago #1 Bush $320E down $30 from Apr. $1 U.S. Dollar = $1.35 Canadian Dollar.
Zekelman Industries Steel Snapshot for May 2019
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com