Steel Products Prices North America

Nucor Adjusts Galvanized Coating Extras
Written by Brett Linton
July 25, 2022
Nucor made downward revisions to most of its galvanized coating extras on Friday, with new extras going into effect Sept. 3, 2022.
“Consistent with our practice to monitor the cost of zinc, we have revised our galvanized coating weight extras effective with orders acknowledged for week ending September 3, 2022,” a Nucor press release reads. “Price extras can be accessed under the “Sheet” tab at www.nucornow.com/announcements and select a division.”
Earlier this month, Steel Dynamics, NLMK USA, Wheeling-Nippon, and US Steel also revised their coating extras. SMU provides an updated comparison of mill galvanized coating extras in the Resources section of our website, comparing G30, G60 and G90 coating weights between ten 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 galvanized extras below. Select Nucor extras decreased as much as 23%, with an average decrease of 16%. Nucor extras were previously revised in April and went into effect on June 4, 2022.
By Brett Linton, Brett@SteelMarketUpdate.com

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

SMU Price Ranges: HR slips, hopes for Q4 rebound still standing
SMU’s price ranges were mixed again this week as the market continues to seek a floor amid industry hopes for a Q4 rebound.

Nucor’s hot band list price holds at $875/ton
Nucor held its hot-rolled coil list price flat again this week, according to its Monday, Sept. 15 consumer spot price (CSP) notice.

Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.

SMU Price Ranges: Some predict bottom is near as big discounts dry up
Sheet prices were mixed this week as some mills continued to offer significant discounts to larger buyers while others have shifted toward being more disciplined, market participants said.

SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.