Steel Products Prices North America

Analysis of New Coating Extras
Written by John Packard
September 11, 2018
Over the past few weeks, a number of domestic steel mills have announced new zinc coating extras for galvanized steel. The reason behind the adjustment has been due to the price of zinc moving lower on the LME spot market.
Steel buyers should not assume that all of the steel mills are using the same extras. That would be a big and potentially costly mistake. When taking an item such as .018 G90, the extras run from a low of $9.80/cwt (California Steel and UPI) to $12.85/cwt (NLMK and SDI). In the table below, SMU does a quick comparison of the differences between a number of mills that have made adjustments to their extras.
All but one mill have reverted back to the extras being used prior to Jan. 1, 2018. In the table below, we show the difference between the extras being used earlier this year versus the next extras, using U.S. Steel as an example:

John Packard
Read more from John PackardLatest in Steel Products Prices North America

Nucor lifts HR coil to $820/ton
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil for a fourth consecutive week.

Nucor pushes HR spot price to $790/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $790 per short ton (st) on Monday, Feb. 10 – a $15/st bump vs. last week. The Charlotte, N.C.-based company has raised its weekly CSP by $40/st over the past three weeks after maintaining tags at $750/st since Nov. 12, according to SMU’s […]

ArcelorMittal Dofasco increases spot sheet prices
ArcelorMittal Dofasco is raising spot sheet prices by CA$100 per ton (US$70/ton). The Hamilton, Ontario-based flat rolled steelmaker told customers the increase is effective immediately for all new orders. It did not specify to what level this brings its base prices but noted its right to re-quote previous but unconfirmed orders. “We will continue to […]

Nucor raises HR spot price to $775/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $775 per short ton (st) on Monday, Feb. 3. The $15/st week-on-week (w/w) rise marks the first back-to-back increases in the steelmaker’s weekly CSP since last August, according to SMU’s mill price announcement calendar. Nucor’s joint-venture subsidiary California Steel Industries (CSI) is also up […]

Nucor raises HR spot price to $760/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $760 per short ton (st) on Monday, Jan. 21. The $10/st week-on-week (w/w) rise marks the first increase in the CSP since Nov. 12. According to SMU’s mill price announcement calendar, the Charlotte, N.C.-based steelmaker held the weekly price at $750/st for 11 […]