(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Oct HR Coil $1,960, up $3 from Sept. Sept Steel import applications up ~9% from Aug. World steel prices are trending down. Chips continue to be in short supply and are reducing car/truck production. Nucor and USS announce new EOF capacity. Several mills are performing routine maintenance in the fourth quarter, limiting coil supply. HR lead time 6-9weeks, CR lead time 7-10weeks. US Mills Oct capacity utilization rate is 84.2%. Platts Oct CR Coil $2,190, up $30 from Sept. Oct Chicago #1 Bush $560, down $20 from Sept. Zinc is $1.56lb $1 U.S. Dollar = $1.25 Canadian Dollar.
Zekelman Industries Steel Snapshot for Oct 2021
14025 West Road
Houston, TX 77041