Prices
January 15, 2021
Written by Brett Linton
On Tuesday, Jan. 14, USS POSCO notified customers of an upward revision to their galvanized steel coating extras, to apply on all new orders effective immediately.
UPI is the fourth mill to revise their galvanized coating extras recently, following NLMK, CSI, and Nucor.
SMU has done an analysis on the old and new extras, provided below. UPI extras increased between 18 and 22 percent.
All five of SMU’s sheet and plate price indices increased this week for the second week in a row, with all products inching up to new multi-month highs. Prices are now up by $30-70/st compared to those seen four weeks ago.
SSAB Americas aims to increase prices on all its products by at least $40 per short ton (st).
Nucor plans to increase prices for steel plate by $30 per short ton (st). The move coincides with Charlotte, N.C.-based steelmaker opening its plate orderbook for January.
Nucor increased its weekly hot-rolled coil spot list price by $5 per short ton (st) on Monday, Nov. 24. This was its fifth increase in as many weeks.
Sources say domestic mill lead times and consumer spot prices have increased this week.