Steel Products Prices North America
Nucor Raises Price of Tubular Products by Another $150
Written by Tim Triplett
January 7, 2021
Nucor Tubular Products notified customers on Wednesday, Jan. 20, that it will increase pricing on all new orders for HSS, pipe, mechanical and piling products by another $150 per ton as a result of the strong demand and rising costs of raw materials and transportation.
All orders booked prior to this announcement will be price protected for shipments through Feb. 19, 2021. New orders, quotes and contracts not previously confirmed by Nucor will be subject to this increase, the company said.
Nucor Tubular Products has announced 10 increases starting in late August for a total of $775 per ton ($38.75/cwt). During the same period, the benchmark price of hot rolled steel—the substrate used to make many tubular products–has nearly doubled. Steel Market Update puts the current average price for hot rolled at around $1,130 per ton ($56.50/cwt).
(Editor’s note: Information on the series of Nucor price increases in this article was updated Jan. 22.)
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
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.
Nucor carries $875/ton HR list price into week seven
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Oct. 6
SMU Price Ranges: A newsy week sees modest price gains despite a quiet spot market
Market participants predicted that prices should be at or near a bottom. But while most seemed to agree on that point, many also said they saw little upside given a quiet spot market and ongoing concerns about demand.
Nucor increases plate prices by $60/ton
Nucor aims to increase prices for steel plate by $60 per short ton with the opening of its November order book.