Steel Mills

NLMK New Galvanized Coating Extras Analysis
Written by John Packard
August 30, 2017
Last Friday, NLMK USA advised customers of their intention of increasing their zinc coating extras by approximately 10 percent. The higher extras are due to a surge in zinc spot costs on the LME. Zinc spot prices reached $1.42 per pound as of the end of trading today (Thursday).
We have put together a quick reference table for our readers to use to compare the changes in extras over the course of this calendar year.

John Packard
Read more from John PackardLatest in Steel Mills

Gerdau reshapes North American footprint as tariffs squeeze long steel imports
Gerdau is repositioning its North American business to capitalize on a sharp shift in steel trade flows driven by elevated tariffs across the US, Canada, and Mexico.

CRU: Interest in AHMSA is growing
Representatives of at least six companies interested in acquiring AHMSA have reportedly begun to carry out physical inspections of the insolvent company’s assets.

USW urges Algoma to diversify product line as $500M lifeline meets wider Q3 losses
The United Steelworkers (USW) is pushing for transparency after Algoma Steel announced earlier this week that it has received CA$500 million in financing from the Canadian government.

Oregon Steel Mills lifts plate prices by $60/ton
Oregon Steel Mills has joined other producers in announcing a price increase of at least $60 per short ton on steel plate.

Algoma speeds up EAF transition, shifts focus to supplying mostly plate to Canadian market
Upended by the Trump regime's tornado of tariffs, Algoma Steel is pivoting on its cross-border business model, shifting its focus to supplying the Canadian market.