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Fastmarkets held a 60-day consultation, which began on August 1 and was extended through September 30, to clarify the thickness of the steel hot-dipped galvanized coil for the zinc coating extras. As a result, the weekly all-in price now reflects zinc coating extras for coil that is 0.04-inch thick.
The zinc coating extras were adjusted to $8 per hundredweight ($160 per short ton) on Thursday October 13, based on mills’ coating extras effective October 6. That means $8 per cwt has been added to the base price (MB-STE-0186) on October 13 to calculate the all-in price (MB-STE-0212).
The new specifications for the affected price are as follows, with the addition highlighted in bold and italics:
MB-STE-0212 Steel hot-dipped galvanized coil G90 (cold-rolled base), fob mill US, $ per cwtQuality: ASTM A653 Commercial Steel and corresponding grades. 0.03-0.13 inch thick x 48-72 inches wideQuantity: Min 50 tonsLocation: fob US mill, excluding Pacific states (Washington, Oregon, California, Alaska and Hawaii) as defined by the US Census Bureau.Unit: USD per hundredweightPublication: Weekly, ThursdayNotes: Raw materials surcharges included; G90 coating for 0.04-inch coil included. Standard packaging
Fastmarkets’ assessment for steel hot-dipped galvanized coil (cold-rolled base), fob mill US was $53 per cwt on Thursday October 13. With the new zinc extras, the assessment for steel hot-dipped galvanized coil 0.03-0.13 inch G90 (cold-rolled base), fob mill US was calculated at $61 per cwt.
To provide feedback on this assessment, or if you would like to provide price information by becoming a data submitter to this assessment, please contact Alesha Alkaff by email at: pricing@fastmarkets.com. Please add the subject heading FAO: Alesha Alkaff, re: US hot-dipped galvanized.
To see all of Fastmarkets’ pricing methodology and specification documents, go tohttps://www.fastmarkets.com/about-us/methodology.