Steel Products Prices North America

Wheeling-Nippon Steel Adjusts Most Galvanized Extras Lower
Written by Brett Linton
July 12, 2022
Wheeling-Nippon Steel made downward revisions to their galvanized coating extras on Tuesday, with new extras going into effect immediately.
Last week, Steel Dynamics and NLMK USA also revised their galvanized coating extras, with their new prices going into effect in August 2022. SMU provides an updated comparison of mill galvanized coating extras here in the Resources section of our website, comparing G30, G60 and G90 coating weights between 10 US mills. Detailed extras by individual mill are also available via the right-side navigation menu on that page.
SMU has analyzed the old and new extras below. Select Wheeling-Nippon extras decreased between 3-20%, with an average decrease of 13%. Wheeling-Nippon extras were previously revised in April 2022.
By Brett Linton, Brett@SteelMarketUpdate.com

Brett Linton
Read more from Brett LintonLatest in Steel Products Prices North America

HRC vs. busheling spread narrows in August
The price spread between prime scrap and hot-rolled coil (HRC) narrowed in August, according to SMU’s most recent pricing data.

SMU Price Ranges: Market drifts lower still
All five of SMU's steel sheet and plate price indices declined this week, falling to lows last seen in February.

Discontentment brews in plate market with flat, status-quo pricing
Sources in the carbon and alloy steel plate market said they are less discouraged by market uncertainty resulting from tariffs or foreign relations, but are instead, eager to see disruption to the flat pricing environment.

Nucor lowers HR coil spot price by $15/ton
Nucor has implemented a double-digit price decrease on spot hot-rolled (HR) coil for the second consecutive week.

SMU Price Ranges: Sheet and plate move ‘soft sideways’ to start August
Sheet and plate prices were either flat or modestly lower this week on softer demand and increasing domestic capacity.