(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts March HR Coil is $853, up $104 from Feb. Steel mills continue to push prices up due to lower steel availability and increased demand. President Trump put a 25% tariff on steel products from all countries except Canada and Mexico. There will also be some countries and products that will be exempt from the tariff. USS restarting Granite City, capacity 1.4 M tons. HR lead time 5-9 weeks,CR lead time 5-9 weeks. US Mills capacity utilization rate is 77.8%. Platts March CR Coil is $969, up $88 from Feb. Zinc is $1.47lb. March Chicago #1 Bush $375 up $10 from Feb. $1 U.S. Dollar = $1.30 Canadian Dollar.
Zekelman Industries Steel Snapshot – March 2018
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com