Steel Products Prices North America
Pipe & Tube Producers Hike Prices $50 Per Ton
Written by Sandy Williams
September 15, 2020
Some leading pipe and tube producers are increasing prices by $50 per ton due to increased demand from construction and automotive-related industries, as well as higher raw material costs.
On Monday, Nucor Tubular Products announced an immediate $50 increase on all new orders for HSS, pipe, mechanical and piling products. Atlas Tube followed suit on HSS and EXLTUBE on A500, A513 and A53B products.
Nucor says all orders booked prior to the announcement will be price protected for shipments through Oct. 12. EXLTUBE is protecting previously booked order shipments through Oct. 9.
Said one producer: “Lead times are as far out as I have seen since Section 232, and inventories are even tighter right now. Especially rack manufacturers, heating and cooling manufacturers and automotive-related industries. Trailers are strong again.”
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products Prices North America
SMU Community Chat: Timna Tanners on ‘Trumplications’ for steel in 2025
Wolfe Research's Managing Director Timna Tanners discusses the 'Trumplications' for steel in the coming year in this week's SMU Community Chat.
Nucor raises hot rolled spot price to $750/ton
Nucor raised its weekly consumer spot price (CSP) for HRC this week to $750/short ton.
SMU price ranges: Most sheet and plate products drift lower
Steel sheet prices mostly edged lower for a second week, while plate prices slipped for the third consecutive week.
Nucor drops HRC price to $720/ton
After holding its weekly spot price for hot-rolled (HR) coil steady for three weeks at $730 per short ton (st), Nucor lowered the price this week by $10/st.
SMU price ranges: Sheet slips, plate falls to 45-month low
Steel sheet and plate prices moved lower this week as efforts among some mills to hold the line on tags ran up against continued concerns about demand.