Steel Products Prices North America
TNT Pipe and Tube is now Heidtman Tubular Products
Written by David Schollaert
June 30, 2020
Heidtman Steel Products, Inc., a leading coil service center, has renamed its tube mill, formerly TNT Pipe and Tube, to Heidtman Tubular Products. The change comes as Heidtman Steel seeks to showcase its vertical integration and full ownership and commitment to the tubular business, the company said.
“As one of the largest, privately held, flat rolled steel service center networks in North America, we’re known for our quality products and customer service,” said Tim Berra, Heidtman Steel’s president and CEO. “This name change is intended to ensure that our customers know that Heidtman Steel’s focus on quality and service extends to our pipe and tube offerings as well.”
Heidtman Steel originally expanded into tube manufacturing through a joint venture known as TNT Pipe and Tube in November 2019. As the majority shareholder, investing $9.1 million, the new tube mill was located on Heidtman’s Bedford campus in Erie, Mich., and was fully operational by August 2020. The new mill has provided Heidtman the opportunity to enter the value-added product area for its steel coil processing and galvanizing capabilities, benefiting its current and future customers, the company said.
Heidtman Steel has over 65 years of service, selling over 750,000 tons of flat rolled steel products and processing over 2.5 million tons annually. Its vertical integration with Heidtman Tubular Products affords its customers with a wide variety of products and markets, including mechanical and HSS tubing.
By David Schollaert, David@SteelMarketUpdate.com
David Schollaert
Read more from David SchollaertLatest in Steel Products Prices North America
Thin demand keeps plate prices hovering at lowest levels since February
Participants in the domestic plate market say spot prices appear to have hit the floor, and they continue to linger there. They say demand for steel remains thin, with plate products no exception.
SMU Price Ranges: HR crawls back to $800/ton
SMU’s HR price stands at $800/st on average, up $5/st from last week. The modest gain came as the low end of our range firmed, and despite the high end of our range declining slightly.
SMU successfully completes IOSCO review
SMU has successfully completed an external review of all our prices. The review has concluded that they algin with principles set by the International Organization of Securities Commissions (IOSCO).
Domestic plate prices could heat up despite so-so demand, market sources say
Some sources also speculated that plate could see further price increases thanks to modest but steady demand, lower imports, mill maintenance outages, and end markets less immediately affected by tariff-related disruptions.
SMU Price Ranges: HR holds, galv slips amid competing market narratives
SMU’s sheet and plate prices see-sawed this week as hot-rolled (HR) coil prices held their ground while prices for galvanized product slipped.