Steel Products Prices North America
LME Zinc Bouncing Off May Lows
Written by Sandy Williams
May 23, 2017
Zinc prices continue to rise, reaching a two week high of $2,644 per tonne on Monday, May 22 on the London Metal Exchange (LME).
Analysts attribute the increase to China’s regional crackdown on the steel industry as it seeks to bring mills in line with emission standards, as well as mine closures that are creating shortages.
Low inventory at LME warehouses are at 2009 levels, down 20 percent this year to 342,675 tonnes.
Kitco shows the 30-day spot price at $1.179 per pound on May 20 and trending above $1.19 mid-morning May 23.
Sandy Williams
Read more from Sandy WilliamsLatest 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.