Steel Products Prices North America

NLMK Raises Galvanized Extras Due to High Zinc Prices

Written by Brett Linton

November 9, 2021

On Monday, Nov. 8, NLMK notified customers of an upward revision to their galvanized steel coating extras, effective on orders starting January 2022.

Zinc prices soared in October, reaching a record high of $1.74 per pound on Oct. 15. Prices have since declined, down to $1.48 per pound as of Nov. 9.

Recall that the last round of galvanized extra adjustments was in early-2021 when zinc prices were around $1.25 per pound.

SMU has done an analysis on the old and new extras, provided below. NLMK extras increased by14-67%.

By Brett Linton, Brett@SteelMarketUpdate.com 

Brett Linton

Brett Linton is a senior analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

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