Steel Mills

SDI Rolls Out Lower Coating Extras Effective July 3

Written by Michael Cowden

June 6, 2023

Steel Dynamics Inc. (SDI) has published new, lower coating extras that are effective July 3.

 The Fort Wayne, Ind.-based steelmaker has reduced extras by an average of 10%, according to market participants and the new coating extras sheet. 

SDISDI’s current extras took effect on Aug. 1, 2022. Under that schedule, a 0.07-0.054 G90 coating was $6.40 per cwt. The same item, with the new extras, is $5.75 per cwt – a reduction of 10.2%.

SMU in Final Thoughts on May 25 questioned why coating extras had not fallen in tandem with zinc prices, which had dropped to their lowest point since July 2020.

We will update our website to reflect the new SDI coating extras, along with any others announced by competing mills.

By Michael Cowden, michael@steelmarketupdate.com

Michael Cowden

Michael Cowden is managing editor for Steel Market Update. Cowden has covered the steel industry since 2007. He has since 2014 specialized in flat-rolled steel but has previously reported on steel long products, steel pipe and tube as well as aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago - where he was involved in launching AMM's daily hot-rolled coil index, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.

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