• Skip to main content

    Prices

    December 8, 2020

    NLMK, CSI Raise Galvanized Extras Due to High Zinc Prices

    Written by Brett Linton

    On Monday, Dec. 7, both NLMK and California Steel Industries notified customers of an upward revision to their galvanized steel coating extras.

    A letter from CSI stated, “Due to changing zinc costs, our Galvanized Coating Extras have been revised. These changes will be effective January 2021.”

    NLMK and CSI are the first mills to revise their galvanized coating extras since the August-October 2020 round of increases.

    Zinc prices have risen further since October, hovering around $1.25 per pound since late-November. Prices have increased since late-March 2020 when they reached a multi-year low of $0.8236/lb.

    SMU has done an analysis on the old and new extras, provided below. NLMK extras increased between 7 and 31 percent, while CSI extras increased between 18 and 22 percent.

    Brett Linton

    Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

    Read more from Brett Linton

    Latest in Prices

    CRU: Iron ore firms on surging costs

    After a brief dip last month, iron ore prices have resumed their upward trajectory as the war in the Middle East escalates. Elevated costs have established a new pricing norm, keeping iron ore prices firm even as current levels exceed what supply‑demand balance would justify. Meanwhile, Simandou is finally gaining momentum after a slow start. Quality remains the decisive factor for steelmakers sourcing from the seaborne market, reshaping trade flows.