SMU September HR Coil $1,225 up $45 from August. SMU September CR Coil $1,460 up $60 from August. September Chicago #1 Bush est.at $450, unchanged from August. HRC indices are at the highest levels in more than four years, with very limited spot tons being offered to the market at premiums. US steel industry latest capacity utilization is 78.3%; the lowest rate in over five months. Fall outages could remove up to 1.1M tons of capacity. Union contracts with Cliffs and USS expired 9/1/26, contracts were extended 30 days while negotiations continue. HR lead times 7-10 weeks and CR lead times 8-12 weeks. USS Gary #14 furnace came back on-line week of 8/31/26. Aug import flat rolled licenses at 442,000 short tons, not enough to help offset upcoming outages at the domestic mills. Zinc is $1.86/LB. Zinc continues to push higher on global supply issues. $1 U.S. Dollar = $1.38 Canadian Dollar.