Steel Products Prices North America
NLMK Raises Galvanized Extras Due to High Zinc Prices
Written by Brett Linton
November 9, 2021
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
Brett Linton
Read more from Brett LintonLatest in Steel Products Prices North America
SMU Price Ranges: HR holds, galv slips amid competing market narratives
SMU’s sheet and plate prices see-sawed this week as hot-rolled (HR) coil prices held their ground while prices for galvanized product slipped.
Nucor carries $875/ton HR list price into week seven
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Oct. 6
SMU Price Ranges: A newsy week sees modest price gains despite a quiet spot market
Market participants predicted that prices should be at or near a bottom. But while most seemed to agree on that point, many also said they saw little upside given a quiet spot market and ongoing concerns about demand.
Nucor increases plate prices by $60/ton
Nucor aims to increase prices for steel plate by $60 per short ton with the opening of its November order book.
Nucor’s $875/ton HR spot price spills into week six
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Sept. 29.