Steel Products Prices North America
U.S. Steel Adjusts Galvanized Coating Extras
Written by Brett Linton
September 3, 2020
On Wednesday, U.S. Steel notified customers of a revision to its galvanized and galvannealed steel coating extras. USS advised customers, “The cost to procure zinc for our Hot Dipped Galvanized products has increased significantly in recent weeks, with the average LME zinc price now above the current coating weight tables that we put in place earlier in the quarter. Consistent with past practice, we will be increasing our coating weight tables for Hot Dipped Galvanized and Galvannealed spot orders effective with shipments beginning Oct. 1, 2020, reverting to the tables that were in place before the August adjustment.”
USS is the fourth mill to revise its galvanized coating extras recently, following Steel Dynamics, California Steel Industries and Nucor.
SMU has done an analysis on the old and new extras, provided below. USS extras increased an average of 18 percent.
Brett Linton
Read more from Brett LintonLatest in Steel Products Prices North America
SMU Price Ranges: HR slips, hopes for Q4 rebound still standing
SMU’s price ranges were mixed again this week as the market continues to seek a floor amid industry hopes for a Q4 rebound.
Nucor’s hot band list price holds at $875/ton
Nucor held its hot-rolled coil list price flat again this week, according to its Monday, Sept. 15 consumer spot price (CSP) notice.
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.