You will notice a couple of changes in our Comparison Price Indices (CPI) report. The U.S. and Canadian steel mills have adjusted their extras for placing zinc on the surface of steel (galvanized). One of the items referenced in the CPI is .060” G90 which prior to this week was based on a $3.45/cwt ($69 per ton) extra. This was based on U.S. Steel galvanized coating extras which many mills tend to follow. The extras changed to $3.90/cwt ($78 per ton) effective with April 2017 orders and we are reflecting that change in the galvanized number shown in the CPI table below.
A second change of note to our readers is we are beginning to provide a range and average for plate. We will provide our new plate pricing on Tuesday evenings with our hot rolled, cold rolled, galvanized and Galvalume indices. The plate prices referenced below and in our Tuesday evening newsletter issue will be FOB Mill, east of the Rocky Mountains.
This week flat rolled and plate prices rose once again as the domestic mills tighten their spot pricing positions.
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