Steel Products Prices North America
Nucor Tubular Raises Prices by Another $50 Per Ton
Written by Tim Triplett
October 13, 2020
Nucor Tubular Products notified customers on Friday, Oct. 23, that it is increasing the pricing on all new orders for HSS, pipe, mechanical and piling products by $50 per ton. The steelmaker attributed the increase to rising raw material costs, strong demand and volatility of transportation costs.
All orders booked prior to this announcement will be price protected for shipments through Nov. 13, 2020, Nucor said.
This is the third $50 increase from Nucor on its tubular products since mid-September. Other mills have followed suit.
Prices for flat rolled steel, which is the raw material for welded pipe and tube, continue to rise. Steel Market Update puts the benchmark price for hot rolled this week at $685 per ton, up more than 30 percent from $515 at the beginning of September.
Tim Triplett
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