Steel Products Prices North America
Mills to Increase Zinc Coating Extras Effective Jan. 1: Sources
Written by Michael Cowden
October 28, 2021
Domestic mills plan to announce higher zinc coating extras as soon as this week, according to market participants.
The higher coating extras would be effective Jan. 1, 2022, they said.
At least two domestic mills have also confirmed that extras will move higher.
Zinc is used to make galvanized products. It prevents rust. Zinc prices have been rising since March 2020 and reached a multi-year high of $1.7369 per pound on Oct. 15.
Prices for the nonferrous metal were turbocharged by soaring energy prices, which resulted in smelter cutbacks due to the energy intensive smelting process.
By Michael Cowden, Michael@SteelMarketUpdate.com
Michael Cowden
Read more from Michael CowdenLatest in Steel Products Prices North America
SMU price ranges: Sheet down broadly, HR $35/t lower
Sheet prices fell across the board this week – largely in response to Nucor’s $65-per-short-ton price cut for hot-rolled (HR) coil on Monday morning. SMU’s HR coil price is $780/st on average, a $35/st decrease week over week (w/w). Our average cold-rolled coil price is $1,090/st (down $30/st w/w). Our galvanized base price is $1,100/st […]
Nucor surprises with $65/ton price drop for HRC
Nucor started off May with a bang, dropping its weekly base spot price for hot-rolled (HR) coil by $65 per short ton (st) this week.
Nucor drops weekly HR coil price by $10/ton
Nucor lowered its weekly base spot price for hot-rolled (HR) coil by $10 per short ton (st) this week.
Nucor holds HR price steady this week
Nucor is holding its hot-rolled (HR) coil consumer spot price (CSP) flat this week.
SMU price ranges: Sheet, plate largely unchanged
Sheet prices varied this week. While hot-rolled (HR) coil pricing was largely flat, cold-rolled (CR) coil and tandem product pricing eased slightly reflecting the momentum shift seen last week for HR coil. SMU’s average HR coil price was flat from last week at $835 per short ton (st) – potentially emphasizing the tension between competing […]