Final Thoughts
November 28, 2016
Final Thoughts
Written by John Packard
As of late this afternoon www.Kitco.com was reporting zinc spot pricing around $1.22 per pound. Zinc recently reported prices not seen in the past 9 years and those of you buying galvanized and Galvalume steels need to be aware of how zinc is trading. The U.S. steel mills published new extras just as zinc pierced through the $1.10 mark. If zinc climbs much higher (and stays there) there could be further movement in GI extras.
Also, be aware that the .060″ G90 benchmark used by SMU, CRU and others is now being quoted based on the $9 per ton higher extra.
