Steel Mills

CSI Increases Zinc Coating Extras
Written by Michael Cowden
May 14, 2021
California Steel Industries (CS) will increase its zinc coating extras effective July 1.
“Due to changing zinc costs, our galvanized coating extras have been revised,” the company said in a letter to customers on Friday, May 14.
The West Coast slab re-roller last increased coating extras in early December.
Zinc prices have since risen.
Zinc prices averaged $2,829.01 per metric ton in April 2021, according to data from the International Monterary Fund compiled by the Federal Reserve Bank of St. Louis.
The price in April, the last full month for which data are available, was up 1.8% from $2,779.85 per metric ton in December 2020, when CSI last increased coating extras.
Steel is run through a bath of molten zinc in a process known as hot-dipped galvanizing. The resulting zinc coating helps prevent rust.
By Michael Cowden, Michael@SteelMarketUpdate.com

Michael Cowden
Read more from Michael CowdenLatest in Steel Mills

Nucor reports improved earnings, sales, and operating rates
Nucor reported a sharp sequential rebound in the second quarter, buoyed by improved pricing and strong shipments. But the steelmaker is bracing for a modest slowdown in the months ahead.

Cliffs confirms Cleveland furnace restart, Dearborn furnace idling
Cleveland-Cliffs is idling blast furnace, BOF shop, and continuous caster functions at its Dearborn plant, but downstream operations will remain unaffected, the company confirmed. Cliffs said its pickling line tandeom cold mill (PLTCM) and its extra wide automotive-grade galvanizing line for exposed parts will continue operations at the Dearborn, Michigan-based facility.

Nucor spot HR list price unchanged at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil flat this week, following a price cut the previous week.

Despite trade chaos, Barry Schneider upbeat on SDI, steel
With 30 years of experience at Steel Dynamics, Barry Schneider reflects on the company and the state of the steel industry.

Algoma Steel seeks CAD$500M in operational support
Algoma Steel applied to Canada’s federal Large Enterprise Tariff Loan (LETL) program for $500 million to support its long-term operations.