Final Thoughts
August 13, 2014
Final Thoughts
Written by John Packard
I got a note from a manufacturing company regarding the size of the Nucor move on galvanized coating extras. The comment that was made was, “Zinc average for 2014 is up 8.6% since average of 2012. Nucor increase is way too high.” This steel buyer went on to comment, “Aluminum average in same time period is only up about 2%.” We have not seen any coating extra changes for aluminized or Galvalume as of today.
In case you missed our comment in the OCTG article, the International Trade Commission (ITC) has announced they have changed the date of the final vote by the ITC commissioners to 11 AM on Friday, August 22nd. Normally, it takes until the next day before the ITA (International Trade Administration) publishes the final results of the vote. Peter Brebach explains the process in more detail in his article above.
