(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts October HR Coil $760 down $45 from Sept. Rail union continuing to negotiate a new contract. Cliffs steelworkers approved new 4-year contract. USS and the USW union still negotiating new contract that expired on Sept 1st. Low water levels on the Mississippi river have reduced and slowed barge shipments. Steel imports down and exports have increased. HR lead time 3-5 weeks, CR lead time 5-7 weeks. US Mills Oct capacity utilization rate is 75.3%. Platts Oct CR Coil $1,100 down $60 from Sept. Oct Chicago #1 Bush $355 down $30 from Sept. Zinc is $1.34lb $1 U.S. Dollar = $1.38 Canadian Dollar.
Zekelman Industries Steel Snapshot for October 2022
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com