Steel Prices
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/galvanized_coil.png)
Nucor increases galv coating extras effective July 6
Written by David Schollaert & Michael Cowden
June 3, 2024
Nucor will increase galvanized and galvannealed coating extras effective July 6, 2024.
The Charlotte, N.C.-based steelmaker on Monday officially rolled out new, higher extras. In other words, the company moved from “Schedule D” to “Schedule E” extras.
Market participants had been expecting the move after Big River Steel (BRS), a subsidiary of Pittsburgh-based U.S. Steel, announced higher extras in May. The new BRS extras are also effective July 6.
“Consistent with our practice to monitor the cost of zinc, we have revised our galvanized coating weight extras effective with orders acknowledged for the week ending July 6,” Nucor said in a letter to customers on Monday.
The new extras can be found on www.nucornow.com/announcements. The increase means the price for a galvanized 0.06” G90 coating will increase from $80 per short ton (st), or $4 per hundredweight (cwt), to $90/st, or $4.50/cwt.
Zinc prices are the primary driver of changes in coating extras. After ten months of relative stability, zinc spot prices have increased in recent months.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2024/06/Nucor-Galv-Extras_2024-0706-1024x652.png)
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2024/02/SMU_DS_headshot.png-150x150.jpg)
David Schollaert
Read more from David Schollaert![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2024/02/SMU_MC_headshot-150x150.png)
Michael Cowden
Read more from Michael CowdenLatest in Steel Prices
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Cliffs_logo2.2.png)
BREAKING NEWS: Cliffs seeks $670/ton for Sept HR
Cleveland-Cliffs announced on Friday that it would seek $670 per short ton (st) for hot-rolled (HR) coil. The steelmaker said the move was effectively immediately. It coincides with the opening of the company’s HR order book for September.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/09/HRC-Futures.png)
HR futures: Shifting risk profiles, emerging opportunities
Summer is here, and a familiar sentiment has hit the hot-rolled coil (HRC) futures market. Prices continue to decline in both the spot market and the futures market, with expectations of sub-$800 prices for the remainder of the year.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/HARDI.png)
HARDI members see galvanized tags falling as bottom nears
Galvanized prices have fallen precipitously from a month ago, though many market participants think a bottom is in sight.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor aims to hold HR prices steady this week at $650/ton
Nucor kept its consumer spot price (CSP) for hot-rolled (HR) coil unchanged at $650 per short ton (st) this week. HR prices for CSI, the company's sheet subsidiary in California, held steady at $720/st. Note that sheet prices on the West Coast are typically higher than those east of the Rocky Mountains.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2024/07/SMU_CR_ForeignVs.Domestic_2024-0719_Thumbnail.png)
Imported CR still cheaper despite lower US prices
The price gap between US cold-rolled (CR) coil and imported CR has fallen to a 10-month low as domestic tags continue to drift lower. Domestic CR coil prices averaged $920 per short ton (st) in our check of the market on Tuesday, July 16, down $40/st from the week before. CR tags are now down […]