(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts May HR Coil is $497, down $4 from April. Recent integrated capacity reductions, Mittal three furnaces with an annual capacity of 5.4 million tons, USS six furnaces with an annual capacity of 6.7 million tons, electric furnaces have been running at lower production levels. Steel mills are only allowing customers to buy at recent volume, not maximum contract tons. HR lead time 3-6 weeks, CR lead time 4-7 weeks. US Mills capacity utilization rate is 53.7%. Platts May CR Coil is $632, down $59 from April. Zinc is $.90lb. May Chicago #1 Bush $310, up $40 from April. $1 U.S. Dollar = $1.40 Canadian Dollar.