(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Nov HR Coil is $511, up $5 from Oct. Mittal and Nucor led coil price increases in the last two weeks totaling $80US and $100CAD. Mittal announces the closure of a blast furnace at Indiana Harbor it has a capacity of 4,500t a day. No change expected in 232 tariff enforcement. 2019 Carbon sheet imports down ~15% vs. 2018. Scrap forecast for December and January is up. HR lead time 4-7 weeks, CR lead time 5-8 weeks. US Mills capacity utilization rate is 80.5%. Platts Nov CR Coil is $683, down $23 from Oct. Zinc is $1.12lb. Nov Chicago #1 Bush $240 up $20 from Oct. $1 U.S. Dollar = $1.32 Canadian Dollar.
Zekelman Industries Steel Snapshot For Nov 2019
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com