Nucor First Mill to Adjust Galvanized Coating Extras

Due to the higher LME zinc spot prices which have surged from about $.88 per pound in late March 2014 to just below $1.10 per pound in mid to late July, Nucor became the first steel mill to adjust their zinc coating extras for galvanized steel. With little fanfare, Nucor published new extras on the Nucor Sheet Mill Group website. Steel Market Update has reproduced both the new extras which are effective as of October 6, 2014 (production and shipment) as well as their old extras which went into effect on January 3, 2012.

We did a quick analysis of Nucor thickness and width extras and we did not see any changes. We did notice some adjustments to advanced high strength steel extras so you will need to check your quality extras to make sure they have remained the same. The biggest differences are in the zinc coating extras.