Prices
November 15, 2016
Written by Sandy Williams
US Steel announced new coating extras for galvanized steel on Tuesday. A letter from the company to customers stated the new extras are due to rising zinc prices. The letter from US Steel to its customers is reproduced below as well as the new coating extras chart:
Nucor increases HR spot price by $5/ton
Most steel buyers think that steel prices will continue to rise into the 2026. But they don’t see the kinds of big gains that have characterized past market upturns, according to the results of SMU’s latest steel market survey.
Most steel buyers responding to our market survey this week reported that domestic mills are considerably less willing to talk price on sheet and plate products than they were in recent weeks.
In dollar-per-ton terms, US product is on average $141/st less than landed import prices (inclusive of the 50% tariff). That’s down from $148/st last week.
Sheet steel indices increased across the board this week, while plate prices held steady. All five of SMU’s price indices are higher than they were two weeks ago, and all but one are above levels recorded four weeks ago.