Prices
November 9, 2021
NLMK Raises Galvanized Extras Due to High Zinc Prices
Written by Brett Linton
On Monday, Nov. 8, NLMK notified customers of an upward revision to their galvanized steel coating extras, effective on orders starting January 2022.
Zinc prices soared in October, reaching a record high of $1.74 per pound on Oct. 15. Prices have since declined, down to $1.48 per pound as of Nov. 9.
Recall that the last round of galvanized extra adjustments was in early-2021 when zinc prices were around $1.25 per pound.
SMU has done an analysis on the old and new extras, provided below. NLMK extras increased by14-67%.
By Brett Linton, Brett@SteelMarketUpdate.com
