(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) SMU October HR Coil $795 down $5 from Sept. USS will ship slabs to Granite City indefinitely. Countries are increasing restrictions on China steel imports, China finds new places to dump. EU significantly increasing tariffs (50%) this is predominately aimed at steel from China. Iron ore and coke pricing flat from August 2024. Lower imports and maintenance reducing supply. HR lead time 4-5 weeks, CR lead time 5-7 weeks. US steel mills Oct capacity utilization is 77.2%. SMU October CR Coil $990 up $15 from Sept. Oct Chicago #1 Bush $390E down $20 from Sep. Zinc is $1.38LB. $1 U.S. Dollar = $1.40 Canadian Dollar.
Zekelman Industries Steel Snapshot for October 2025
Pipe Exchange
16060 Dillard Drive, Suite 150, Jersey Village, TX 77040
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- Email: sales@pipexch.com