Steel Products Prices North America
April 9, 2015
US Steel Reduces Galvanized Coating Extras
Written by John Packard
US Steel has revised their galvanized coating extras to those being used prior to October 1, 2014 when the last change was made. The new extras are lower than those used this past year. Here are the new extras being charged:
The change in extras came as a surprise to some within the industry as zinc spot pricing has been rising recently on the LME. Zinc closed this afternoon at $0.9828 per pound. Over the past 30 days zinc prices are almost $0.10 per pound higher than the $0.8897 per pound reported on the 11th of March. When the extras were originally adjusted by US Steel in August 2014 to take effect October 1, 2014 spot zinc prices were close to $1.10 per pound. By October 1, 2014 prices had begun to drop and continued to drop for most of 2014.
