Steel Mills

Nucor Increases HSS Prices $50/Ton
Written by Michael Cowden
February 19, 2021
Nucor’s tubular products group has increased prices for hollow structural sections (HSS), pipe, mechanical and piling products by $50 per ton ($2.50/cwt).
The move is effective immediately and is necessary because of “rising raw material costs, strong demand, and volatile transportation costs,” Nucor said in a Feb. 19 letter to customers.
Orders booked prior to the announcement will be protected at the pre-increase price through March 19 shipments, the steelmaker said.
“New orders, quotes and contracts not previously confirmed by Nucor will be subject to this increase,” the company said.
The move comes after several domestic flat-rolled mills increased prices earlier this week. But those increases were largely done in the absence of official price announcement letters on company letterhead.
Steel Market Update does not price tubular products such as HSS. But the price for hot-rolled coil, the substrate used to make welded pipe and tube, is at an all-time high.
SMU’s average hot-rolled coil price stands at $1,200 per ton ($60/cwt), up 11.1% from $1,080 per ton in mid-January and up 172.2% from a 2020 low, recorded in August, of $440 per ton.
By Michael Cowden, Michael@SteelMarketUpdate.com

Michael Cowden
Read more from Michael CowdenLatest in Steel Mills

U.S. Steel sues Algoma over iron pellet shipments
U.S. Steel is suing Algoma over the Canadian flat-rolled producer's rejection of iron pellet shipments, arguing it has breached its contract.

August US mill shipments slip but still higher than last year
The American Iron and Steel Institute reported a decline in the monthly shipments of US mills from July to August.

TransPod, Algoma, Supreme Steel linkup anchors Canadian steel in high-speed transit build
The three Canadian companies have announced a strategic partnership to support the development of an ultra-high-speed transit line from Edmonton to Calgary.

Metallus, USW agree to tentative four-year labor deal
Metallus and the United Steelworkers (USW) have agreed to a tentative four-year labor contract.

ArcelorMittal Dofasco resumes cokemaking after emergency maintenance
The Canadian steelmaker reported on Sept. 30 that “urgent maintenance” was needed in its coke plant off-gas systems. The work required coke oven gas from the No. 2 coke plant to be flared for most of that week.