Steel Products Prices North America
Nucor Tubulars Raises Prices by Another $100 Per Ton
Written by Tim Triplett
November 21, 2020
Nucor Tubular Products notified customers on Friday, Dec. 4, that it has increased pricing on all new orders for HSS, pipe, mechanical and piling products by a minimum of $100 per ton as a result of rising raw material costs, strong demand and volatility of transportation costs.
All orders booked prior to this announcement are price protected for shipments through Dec. 31. All open orders effective Jan. 1 will be price in effect at time of shipment. New orders, quotes and contracts not previously confirmed by Nucor will be subject to the increase, the company said.
This represents the third price increase announced by Nucor Tubulars in the past six weeks, following on a $75 per ton increase Nov. 20 and a $50 increase Sept. 25.
The recent hikes in the price of tubular products reflect the sharp increases in the prices of flat rolled steel from which most tubulars are made. Steel Market Update data shows the benchmark price for hot rolled steel has jumped by 60 percent since the beginning of September, from around $500 to the current price of more than $800 per ton.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
Nucor lifts HR coil to $820/ton
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil for a fourth consecutive week.
Nucor pushes HR spot price to $790/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $790 per short ton (st) on Monday, Feb. 10 – a $15/st bump vs. last week. The Charlotte, N.C.-based company has raised its weekly CSP by $40/st over the past three weeks after maintaining tags at $750/st since Nov. 12, according to SMU’s […]
ArcelorMittal Dofasco increases spot sheet prices
ArcelorMittal Dofasco is raising spot sheet prices by CA$100 per ton (US$70/ton). The Hamilton, Ontario-based flat rolled steelmaker told customers the increase is effective immediately for all new orders. It did not specify to what level this brings its base prices but noted its right to re-quote previous but unconfirmed orders. “We will continue to […]
Nucor raises HR spot price to $775/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $775 per short ton (st) on Monday, Feb. 3. The $15/st week-on-week (w/w) rise marks the first back-to-back increases in the steelmaker’s weekly CSP since last August, according to SMU’s mill price announcement calendar. Nucor’s joint-venture subsidiary California Steel Industries (CSI) is also up […]
Nucor raises HR spot price to $760/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $760 per short ton (st) on Monday, Jan. 21. The $10/st week-on-week (w/w) rise marks the first increase in the CSP since Nov. 12. According to SMU’s mill price announcement calendar, the Charlotte, N.C.-based steelmaker held the weekly price at $750/st for 11 […]