(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Oct HR Coil is $835, down $27 from Sept. Nucor increased prices $40 for HR, CR, Galv. New trade agreement with US, Canada and Mexico, however steel tariffs of 25% still apply to Canada and Mexico imports into US. Steel imports to US down due to tariffs & quotas. USW negotiations with USS and Mittal appear to be closer to an agreement, no strike expected. HR lead time 3-5 weeks,CR lead time 4-6 weeks. US Mills capacity utilization rate is 79%. Platts Oct CR Coil is $938, down $32 from Sept. Zinc is $1.20lb. Oct Chicago #1 Bush $395 up $20 from Sept. $1 U.S. Dollar = $1.30 Canadian Dollar.
Zekelman Industries Steel Snapshot for Oct 2018
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com