(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts June HR Coil $1,180 down $200 from May. Nucor continues to add downstream acquisitions. United Kingdom agrees to tariff/quota for steel. Union contracts expire June 30th at Algoma and Stelco, USS and Cliff acquired mills exp Aug 31st. Mexico steel shipments to US up sharply in 2022. Demand for imported steel lower as prices drop. Truck and rail shortage impacting deliveries. HR lead time 4-5 weeks, CR lead time 5-7 weeks. US Mills May capacity utilization rate is 81.6%. Platts June CR Coil $1,620 down $160 from May. June Chicago #1 Bush $635 down $50 from May. Zinc is $1.73lb. $1 U.S. Dollar = $1.25 Canadian Dollar.
Zekelman Industries Steel Snapshot for June 2022
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com