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
Read more from Tim TriplettLatest in Steel Products Prices North America
SMU Price Ranges: Some predict bottom is near as big discounts dry up
Sheet prices were mixed this week as some mills continued to offer significant discounts to larger buyers while others have shifted toward being more disciplined, market participants said.
SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.
Nucor spot HR list price unchanged at $875/ton
Nucor kept its weekly list price for hot-rolled (HR) coil unchanged this week, following a price bump of $10 per short ton (st) last week.
SMU price ranges: Flat-rolled balloon continues to leak
Sheet and plate prices were flat or lower again this week on continued concerns about demand and higher production rates among US mills.
HRC vs. busheling spread narrows in August
The price spread between prime scrap and hot-rolled coil (HRC) narrowed in August, according to SMU’s most recent pricing data.