(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts June HR Coil $1,644, up $130 from May. JSW sues Nucor, Cliffs and USS claiming they conspired to boycott and refused to supply slabs. Spot iron ore $211 close to all time high of $233. Light vehicle inventory at 25 days this is the lowest level since August 2009, improved chip outlook will allow increased production. Steel imports up from orders placed months ago. HR leadtime 8-10weeks, CR leadtime 9-12weeks. US Mills capacity utilization rate is 82.3%. Platts June CR Coil $1,865, up $148 from May. Zinc is $1.36lb. June Chicago #1 Bush $610, is up $60 from May. $1 U.S. Dollar = $1.21 Canadian Dollar.
Zekelman Industries Steel Snapshot for Jun 2021
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com