SMU June HR Coil $1,115 up $35 from May. SMU June CR Coil $1,305 up $50 from May. June Chicago #1 Bush $450, unchanged from May. Market continues to move upward due to limited spot and contract order entry, extended lead times, and low inventory levels. A year into the 50% Section 232, tariffs have shifted the U.S. market toward domestic supply, supporting the current pricing rally. Mill output is near multi-year highs, while sheet inventories are the lowest since May 2021. US steel industry latest capacity utilization is 81.3% (6/6/26) Union contracts with Cliffs and USS expire 9/1/26. Negotiations to commence week of 7/20/26. HR lead times 6-10 weeks and CR lead times 8-12 weeks. Zinc is $1.58/LB. $1 U.S. Dollar = $1.39 Canadian Dollar.
Zekelman Industries Steel Snapshot – June 2026
Pipe Exchange
16060 Dillard Drive, Suite 150, Jersey Village, TX 77040
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com