Steel Products Prices North America
USS, SDI Follow with Increase in Galvanized Extras
Written by Brett Linton
March 8, 2022
U.S. Steel and Steel Dynamics notified customers of an upward revision to their galvanized steel coating extras on Monday, March 7. New USS extras go into effect on May 1, 2022, while SDI extras go into effect on April 1.
“The cost to procure zinc and aluminum for our Hot Dipped Galvanized and Galvalume products has increased significantly in recent weeks, with the average LME prices now above the current coating weight tables that we put in place in Q1 2022,” Pittsburgh-based U.S. Steel said in a letter to customers.
CSI, UPI and Nucor revised their galvanized coating extras last week, with their new prices going into effect between March 1 and April 1, 2022. SMU provides a comparison of mill galvanized coating extras here in the Resources section of our website, comparing G30, G60 and G90 coating weights between 10 U.S. mills. Detailed extras by individual mill are also available via the right-side navigation menu on that page.
Zinc spot prices have spiked in the last week, reaching a record $1.86 per pound on Monday, according to Kitco.
SMU has done an analysis comparing the old and new U.S. Steel extras, provided below. Select extras increased between 9-13%, with an average increase of 11.6% across the weights in the below table. Click here to view detailed U.S. Steel extras data on the SMU website, or click here to view SDI extras data. Note that the SMU Price Estimator Tool uses U.S. Steel extras and has also been updated.
By Brett Linton, Brett@SteelMarketUpdate.com
Brett Linton
Read more from Brett LintonLatest in Steel Products Prices North America
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.
SMU Price Ranges: Sheet and plate flat or down as hopes of rebound meet ‘blah’ demand
Sheet and plate prices were flat or lower this week as less discounting from domestic mills was offset by few signs of an anticipated rebound in demand.