SDI Follows Suit on Coating Extras

In a letter to its customers on Nov. 30, SDI said: “In concert with the rise in steelmaking inputs and other commodity pricing, LME zinc and aluminum costs and premiums have risen in a sustained and dramatic fashion across 2017. SDI monitors all costs regularly and only makes adjustments based on careful analysis and sustained trends. These adjustments recover only a portion of the price escalation we have incurred year-to-date. Should these commodity metals persist at current levels or rise further, additional adjustments may be necessary.”

SDI’s announcement brings it in line with several mills that have already adjusted their extras, including Nucor, AK Steel, NLMK USA, California Steel and USS/POSCO. Yet to be heard from is ArcelorMittal.