Prices

USS-POSCO Adjusts Galvanized Coating Extras
Written by Brett Linton
September 5, 2020
Last Thursday, USS-POSCO notified customers of a revision to its galvanized steel coating extras. UPI advised customers the new extras will apply on all new orders effective immediately.
UPI is the fifth mill to revise its galvanized coating extras recently, following Steel Dynamics, California Steel Industries, Nucor and U.S. Steel.
SMU has done an analysis on the old and new extras, provided below. UPI extras increased an average of 15 percent.

Brett Linton
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Final Thoughts
Most steel buyers think that steel prices will continue to rise into the 2026. But they don’t see the kinds of big gains that have characterized past market upturns, according to the results of SMU’s latest steel market survey.
SMU Survey: Mills less negotiable on spot prices
Most steel buyers responding to our market survey this week reported that domestic mills are considerably less willing to talk price on sheet and plate products than they were in recent weeks.
Price gap between US HRC, most imports narrows slightly
In dollar-per-ton terms, US product is on average $141/st less than landed import prices (inclusive of the 50% tariff). That’s down from $148/st last week.
SMU price ranges: Sheet ticks higher, plate stable
Sheet steel indices increased across the board this week, while plate prices held steady. All five of SMU’s price indices are higher than they were two weeks ago, and all but one are above levels recorded four weeks ago.
Nucor lifts HR spot price by $10/ton
Nucor has raised its weekly spot list price on hot-rolled coil by $10 per short ton (st) after keeping it unchanged since Aug. 25.
