(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts June HR Coil is $900, up $19 from May. Canada, Mexico and the European Union were levied 25% steel tariffs effective June 1st, all are retaliating on steel and other products. May steel imports were less than 70% of April. USS Granite City announced that they will restart the second blast furnace, targeting production output in October. HR lead time 5-9 weeks,CR lead time 6-9 weeks. US Mills capacity utilization rate is 74.9%. Platts June CR Coil is $1,010, up $2 from May. Zinc is $1.47lb. June Chicago #1 Bush $395 up $10 from May. $1 U.S. Dollar = $1.30 Canadian Dollar.
Zekelman Industries Steel Snapshot – Jun 2018
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com