Steel Products
February 27, 2013
Galvanized Coating Mills Complain of Cost Squeeze
Written by John Packard
Combination of higher zinc spot prices, competitive extras and higher zinc premiums are squeezing coating lines
Galvanized converters are struggling to compete against mills with lower coating extras as LME Zinc spot prices have climbed from the low $.80’s per pound to recent high’s close to $1.00 per pound. Over the past few trading days spot pricing has dropped to approximately $.94 per pound.
