(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts May HR Coil $1,514, up $171 from April. NLMK Pa had an unplanned outage, they will pull up and complete maintenance scheduled for June and restart mid next week. Ford and GM chip shortage extends shutdowns. China export rebate of 13% eliminated for HR pushing prices over $1,000MT. HR, CR, Galv remain on allocation for July. HR leadtime 8-10weeks, CR leadtime 9-12weeks. US Mills capacity utilization rate is 78.1%. Platts May CR Coil $1,717, up $170 from April. Zinc is $1.37lb. May Chicago #1 Bush $550, is flat from April. $1 U.S. Dollar = $1.21 Canadian Dollar.
Zekelman Industries Steel Snapshot for May 2021
14025 West Road
Houston, TX 77041