Steel Products Prices North America
LME Zinc Bouncing Off May Lows
Written by Sandy Williams
May 23, 2017
Zinc prices continue to rise, reaching a two week high of $2,644 per tonne on Monday, May 22 on the London Metal Exchange (LME).
Analysts attribute the increase to China’s regional crackdown on the steel industry as it seeks to bring mills in line with emission standards, as well as mine closures that are creating shortages.
Low inventory at LME warehouses are at 2009 levels, down 20 percent this year to 342,675 tonnes.
Kitco shows the 30-day spot price at $1.179 per pound on May 20 and trending above $1.19 mid-morning May 23.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products Prices North America
SMU Community Chat: Timna Tanners on ‘Trumplications’ for steel in 2025
Wolfe Research's Managing Director Timna Tanners discusses the 'Trumplications' for steel in the coming year in this week's SMU Community Chat.
Nucor raises hot rolled spot price to $750/ton
Nucor raised its weekly consumer spot price (CSP) for HRC this week to $750/short ton.
SMU price ranges: Most sheet and plate products drift lower
Steel sheet prices mostly edged lower for a second week, while plate prices slipped for the third consecutive week.
Nucor drops HRC price to $720/ton
After holding its weekly spot price for hot-rolled (HR) coil steady for three weeks at $730 per short ton (st), Nucor lowered the price this week by $10/st.
SMU price ranges: Sheet slips, plate falls to 45-month low
Steel sheet and plate prices moved lower this week as efforts among some mills to hold the line on tags ran up against continued concerns about demand.