(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Jan HR Coil is $663, up $23 from Dec. Nucor raised prices an additional $40 last week all mills have followed this increase. HR and CR announced increases in the last three months are up a minimum of $140 a ton. HRC imports are lower every month. Section 232 recommendation will be issued next week, final decision due within 90 days of report. HR lead time 4-7 weeks,CR lead time 5-8 weeks. US Mills capacity utilization rate is 70.7%. Platts Jan CR Coil is $844, up $20 from Dec. Zinc is $1.53lb. Inventory 10y low, price 10y high. Jan Chicago #1 Bush $365 up $20 from Dec. $1 U.S. Dollar = $1.25 Canadian Dollar.
ZEKELMAN INDUSTRIES STEEL SNAPSHOT – JANUARY 2018
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com