Steel Products Prices North America
SDI Adjusts Galvanized Coating Extras
Written by Brett Linton
August 25, 2020
Steel Dynamics Inc. has revised their galvanized coating extras due to the recent increase in zinc prices.
SMU has done an analysis on the old and new extras, provided below. SDI extras increased an average of 20.3 percent.
Zinc prices declined significantly during the first quarter of the year, dropping from January’s high of $1.1186 to a low of $0.8236 in March. Prices increased steadily in May and June, then jumped nearly a dime in early-July and again in early-August. The current price for zinc is about $1.1221 per pound, according to Kitco.
Brett Linton
Read more from Brett LintonLatest in Steel Products Prices North America
Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.
SMU Price Ranges: Some predict bottom is near as big discounts dry up
Sheet prices were mixed this week as some mills continued to offer significant discounts to larger buyers while others have shifted toward being more disciplined, market participants said.
SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.
Nucor spot HR list price unchanged at $875/ton
Nucor kept its weekly list price for hot-rolled (HR) coil unchanged this week, following a price bump of $10 per short ton (st) last week.
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.