Steel Products Prices North America

SDI Follows Suit on Coating Extras
Written by Tim Triplett
December 5, 2017
Galvanized steel prices are on the way up for customers of Steel Dynamics, which was the latest mill to announce an increase in its coating extras due to the high price of zinc, which traded at nearly $1.43 per pound yesterday.
SDI’s new extras schedule is effective on orders acknowledged for delivery beginning Jan. 1. The mill last updated its extras in April.
In a letter to its customers on Nov. 30, SDI said: “In concert with the rise in steelmaking inputs and other commodity pricing, LME zinc and aluminum costs and premiums have risen in a sustained and dramatic fashion across 2017. SDI monitors all costs regularly and only makes adjustments based on careful analysis and sustained trends. These adjustments recover only a portion of the price escalation we have incurred year-to-date. Should these commodity metals persist at current levels or rise further, additional adjustments may be necessary.”
SDI’s announcement brings it in line with several mills that have already adjusted their extras, including Nucor, AK Steel, NLMK USA, California Steel and USS/POSCO. Yet to be heard from is ArcelorMittal.

Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America

SMU price ranges: Flat-rolled balloon continues to leak
Sheet and plate prices were flat or lower again this week on continued concerns about demand and higher production rates among US mills.

HRC vs. busheling spread narrows in August
The price spread between prime scrap and hot-rolled coil (HRC) narrowed in August, according to SMU’s most recent pricing data.

SMU Price Ranges: Market drifts lower still
All five of SMU's steel sheet and plate price indices declined this week, falling to lows last seen in February.

Discontentment brews in plate market with flat, status-quo pricing
Sources in the carbon and alloy steel plate market said they are less discouraged by market uncertainty resulting from tariffs or foreign relations, but are instead, eager to see disruption to the flat pricing environment.

Nucor lowers HR coil spot price by $15/ton
Nucor has implemented a double-digit price decrease on spot hot-rolled (HR) coil for the second consecutive week.