Steel Products

Big River Steel updates galvanized coating extras
Written by Brett Linton
May 21, 2024
Big River Steel (BRS) made upward revisions to most of its galvanized coating extras this week, with new extras going into effect July 6.
The steelmaker has increased extras by an average of nearly 14%, according to their latest price book. Their coating extras were previously revised late last year, effective Jan. 6.
Zinc prices are the primary driver of coating extra changes. After a 10-month period of relative stability, zinc spot prices began to increase last month and are now up to a 15-month high.
SMU has analyzed the old and new BRS galvanized extras below. Select extras increased as much as 25% on some coating weights.

We will continue to update any other coating extras announced by competing mills as they are made available.

Brett Linton
Read more from Brett LintonLatest in Steel Products

Final Thoughts
The difference: The spat with Turkey was a big deal for steel. This time, the 50% reciprocal tariff for Brazil – if it goes into effect as threatened on Aug.1 – hits everything from coffee and to pig iron. It seems almost custom-built to inflict as much pain as possible on Brazil.

CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.
CRU: Excessive global supply could hit rebar mill investments in US
Following the onset of the war in Ukraine in March 2022, concerns about import availability and expectations of rising demand from President Biden’s Infrastructure Bill pushed US rebar prices to record highs. In response, a flurry of new mills and capacity expansions were announced to meet the rise in demand from growth in the construction […]

Steel buyer spirits tempered by soft spot market conditions
Steel sheet buyers report feeling bogged down by the ongoing stresses of stagnant demand, news fatigue, tariff negotiations or implementation timelines, and persistent macroeconomic uncertainty.

CRU: US stainless prices to rise on expanded S232 tariffs
Stainless prices in the US market will rise, following price increases by major US producers. Our base case scenario incorporates higher US prices in the near term, despite the initial negative reaction by the market. US stainless prices will go up in 2025 H2 and will stay elevated in 2026 as tariffs on stainless […]