(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Sept HR Coil $805 down $5 from Aug. Rail union contract expires September 16th. European energy prices are up significantly and are 10x American costs. Mills are reducing or shuttering capacity due to high costs World prices are moving up and this has resulted in lower imports and reduced order placements. Zekelman opens new galv. mill in Rochelle IL HR lead time 3-5 weeks, CR lead time 5-7 weeks. US Mills Sept capacity utilization rate is 78.2%. Platts Sept CR Coil $1,160 down $20 from Aug. Sept Chicago #1 Bush $385 down $20 from Aug. Zinc is $1.48lb $1 U.S. Dollar = $1.32 Canadian Dollar.
Zekelman Industries Steel Snapshot for September 2022
14025 West Road
Houston, TX 77041