(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Nov HR Coil is $820, down $15 from Oct. Steel imports continue to trend lower. USW union ratifies 4 year deal with USS, it is also expected that the USW will approve Mittal. Algoma likely to come out of bankruptcy by the end of November with significantly lower debt. HR lead time 3-5 weeks, CR lead time 4-6 weeks. The Trump administration goal of 80% US mill capacity utilization has been met for 4 weeks. US Mills capacity utilization rate is 81.7%. Platts Nov CR Coil is $908, down $30 from Oct. Zinc is $1.15lb. Nov Chicago #1 Bush $405 up $10 from Oct. $1 U.S. Dollar = $1.32 Canadian Dollar.
Zekelman Industries Steel Snapshot for Nov 2018
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com