Platts Nov HR Coil is $702, up $52 from Oct. Mills order book strong, very little spot availability. Stelco operational after malware attack. Big River production on new caster next week. NLMK Pa strike continues over health care. Import coil offers more active, no surge expected. No changes expected to section 232 in the short term with a Biden presidency. HR leadtime 5-9 weeks, CR leadtime 7-10 weeks. US Mills capacity utilization rate is 71.1%. Platts Nov CR Coil is $892, up $66 from Oct. Zinc is $1.19lb. Nov Chicago #1 Bush $300, up $10 from Oct. $1 U.S. Dollar = $1.31 Canadian Dollar.
Zekelman Industries Steel Snapshot For November 2020
14025 West Road
Houston, TX 77041