Steel Products Prices North America
NLMK, CSI Raise Galvanized Extras Due to High Zinc Prices
Written by Brett Linton
December 8, 2020
On Monday, Dec. 7, both NLMK and California Steel Industries notified customers of an upward revision to their galvanized steel coating extras.
A letter from CSI stated, “Due to changing zinc costs, our Galvanized Coating Extras have been revised. These changes will be effective January 2021.”
NLMK and CSI are the first mills to revise their galvanized coating extras since the August-October 2020 round of increases.
Zinc prices have risen further since October, hovering around $1.25 per pound since late-November. Prices have increased since late-March 2020 when they reached a multi-year low of $0.8236/lb.
SMU has done an analysis on the old and new extras, provided below. NLMK extras increased between 7 and 31 percent, while CSI extras increased between 18 and 22 percent.
Brett Linton
Read more from Brett LintonLatest in Steel Products Prices North America
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.
CRU: US longs prices remain mostly flat in October
CRU Senior Steel Analyst Alexandra Anderson shares insight into the current market for long steel products.
Nucor holds HR base price at $730/st
Nucor is holding its hot-rolled (HR) coil consumer spot price (CSP) at $730 per short ton (st) this week.