(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Oct HR Coil is $650, up $109 from Sept. Mills continue to have strong order intake; led by automotive, appliances and restocking, most mills have no availability for December. Stelco BOF operational for October coil shipments, Big River’s new caster for Nov prod. Mittal Cleveland and USS Gary taking hot mill outage for 1 week of maintenance in October. HR lead time 6-8 weeks, CR lead time 7-8 weeks. US Mills capacity utilization rate is 67.9%. Platts Oct CR Coil is $826, up $114 from Sept. Zinc is $1.10lb. October Chicago #1 Bush $290, flat from Sept. $1 U.S. Dollar = $1.31 Canadian Dollar.
Zekelman Industries Steel Snapshot for October 2020
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com