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.

CSI

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

Michael Cowden is managing editor for Steel Market Update. Cowden has covered the steel industry since 2007. He specializes in flat-rolled steel but has also reported on steel long products, steel pipe and tube, and aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.

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