Steel Products Prices North America

Nucor, BRS Announce New Zinc Coating Extras for '22

December 2, 2021

Nucor and Big River Steel have joined the ranks of sheet mills announcing new coating extras for 2022.

“Consistent with our practice to monitor the cost of zinc, we have revised our galvanized coating weight extras,” Charlotte, N.C.-based Nucor said in a letter to customers on Wednesday, Dec. 1.

galvanized coil The new coating extras will be effective the week of Jan. 8, 2022, the steelmaker said. And the new extras are higher than those effective on Feb. 6, 2021, according to initial SMU calculations.

Extras for Big River Steel – a subsidiary of Pittsburgh-based U.S. Steel – are effective on Jan. 1, 2022.

Steel Dynamics Inc. (SDI) and NLMK USA have also announced new zinc coating extras.

Zinc, which is used to make galvanized products and which prevents corrosion, reached a multi-year high of $1.7369 per pound on Oct. 15. But zinc prices declined in November. They hovered around $1.50 per pound and ended last month at $1.5066.

SMU will publish a more detailed analysis of the latest coating extras in our Sunday edition.

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.