Steel Products Prices North America
New Galvanized Coating Extras: An Analysis
Written by John Packard
November 19, 2016
Over the past week the domestic steel mills have been revising their galvanized coating extras due to the higher prices for zinc which ended the week at $1.1412 per pound. We have managed to collect a number of the mill extras and we thought our readers would like to see a comparison of the extras from mill to mill. The table we are presenting this evening is just the G90 extras. We will update all of the coating weights in our website including those of the mills we are missing from tonight’s comparison.
We see the largest spreads out of USS/POSCO on the west coast (we do not yet have California Steel’s extras) versus the east coast mills. For example, .016” G90 coating extra is $10.60/cwt at UPI (USS/POSCO) and $11.70/cwt-$11.75/cwt at the east coast mills.
Steel buyers should review the coating extras at a number of mills so you are aware of the differences that may exist between different suppliers.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
SMU Price Ranges: Sheet and plate steady ahead of Independence Day
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.
Nucor maintains plate prices, opens August order book
Nucor aims to keep plate prices flat again with the opening of its August order book.
Nucor CSP remains level at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.
Cliffs raises prices, seeks $950/ton for July spot HR
Cleveland-Cliffs plans to increase prices for hot-rolled (HR) coil to $950 per short ton (st) with the opening of its July spot order book. The Cleveland-based steelmaker said the price hike was effective immediately in a letter to customers dated Monday.
HRC vs. prime scrap spread widens in June
The price spread between HRC and prime scrap widened in June.