(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Nov HR Coil $655 down $105 from Oct. Rail union has announced it will continue to work without a new contract into December. Many steel buyers electing to buy spot for 2023 instead of agreeing to a yearly contract USS and the USW union negotiators agreed to a four-year contract subject to members approval. Low water on the Mississippi slowing barge ship. HR lead time 3-5 weeks, CR lead time 5-7 weeks. US Mills Nov capacity utilization rate is 73.5%. Platts Nov CR Coil $940 down $160 from Oct. Nov Chicago #1 Bush $325 down $30 from Oct. Zinc is $1.30lb. $1 U.S. Dollar = $1.35 Canadian Dollar.
Zekelman Industries Steel Snapshot for November 2022
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com