Steel Products Prices North America

Nucor, BRS Announce New Zinc Coating Extras for '22
Written by Michael Cowden
December 2, 2021
Nucor and Big River Steel have joined the ranks of sheet mills announcing new coating extras for 2022.
“Consistent with our practice to monitor the cost of zinc, we have revised our galvanized coating weight extras,” Charlotte, N.C.-based Nucor said in a letter to customers on Wednesday, Dec. 1.
The new coating extras will be effective the week of Jan. 8, 2022, the steelmaker said. And the new extras are higher than those effective on Feb. 6, 2021, according to initial SMU calculations.
Extras for Big River Steel – a subsidiary of Pittsburgh-based U.S. Steel – are effective on Jan. 1, 2022.
Steel Dynamics Inc. (SDI) and NLMK USA have also announced new zinc coating extras.
Zinc, which is used to make galvanized products and which prevents corrosion, reached a multi-year high of $1.7369 per pound on Oct. 15. But zinc prices declined in November. They hovered around $1.50 per pound and ended last month at $1.5066.
SMU will publish a more detailed analysis of the latest coating extras in our Sunday edition.
By Michael Cowden, Michael@SteelMarketUpdate.com

Michael Cowden
Read more from Michael CowdenLatest in Steel Products Prices North America

Nucor slows HRC price climb with $5/ton increase
After eight weeks of double-digit price increases on hot-rolled (HR) coil, Nucor slowed the price rise this week with an increase of $5 per short ton.

Domestic CRC prices surge ahead of imports
The price spread between stateside-produced CR and imports reached its widest margin in over a year.

Evraz raises plate prices $160/ton
Evraz North America (NA) has followed Nucor and SSAB with a plate price increase of its own: up $160 per short ton (st). The increase was effective immediately for all new orders of carbon, high-strength low-alloy, and normalized and quenched-and-tempered plate products, as well as for hot-rolled coil, the steelmaker said in a letter to […]

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 […]