Steel Products Prices North America
Tube Producers Raise Prices Again
Written by Sandy Williams
June 15, 2021
Like the flat rolled steel they are made from, prices for pipe and tube products have increased in June. Leading producers said they are upping their prices due to rising raw materials costs, strong demand and volatile transportation charges.
EXLTUBE led off a series of tubular price jumps with a $160 per net ton increase on June 10 for its A500 and A513 products. The increase applies to all unconfirmed quotes and contracts. Orders booked prior to the announcement are price protected for shipments through July 7, 2021, the company said.
EXLTUBE’s announcement was followed by increases from Atlas Tube and Nucor Tubular on June 14.
Atlas Tube raised prices by $125 per ton for all new orders for mechanical, HSS and piling products, effective immediately. Products include all mechanical and HSS shapes through 16” SQ and all mechanical and HSS rounds up through 20” OD, the company said.
Nucor Tubular Products also raised its price by $125 per ton for all new orders of HSS, pipe, mechanical and piling products. All orders booked prior to the announcement are price protected for shipments through July 12, 2021. New orders, quotes and contracts not previously confirmed by Nucor will be subject to this increase.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products Prices North America
September Import Share of US Sheet and Plate Markets
Imported sheet and plate products arrived at US ports at a slower clip in September, accounting for a lower share of the domestic market for the third straight month. That’s according to a Steel Market Update analysis of import data from the US Commerce Department and domestic shipment figures from the American Iron and Steel […]
US Apparent Steel Supply Falls Further in September
US apparent steel supply eased further in September, down 8% from August to 8.29 million net tons, according to data from the US Department of Commerce and the American Iron and Steel Institute (AISI). As the lowest monthly figure since February 2021, this was a 19-month low. September supply was 10% below the average monthly rate […]
Northwest Pipe Reports Sharply Higher Q3 Results
Engineered pipe and tube producer Northwest Pipe Co. posted sharply higher profits for the third quarter ended Sept. 30. The Vancouver, Wash.-based company said the boost was driven by strong demand and increasing backlogs from its engineered pipeline systems and precast products, according to earnings data released on Tuesday, Nov. 8 All told, Northwest Pipe posted net […]
SMU Price Ranges: Flat-Rolled Steel Falls (Yet Again)
Sheet prices fell across the board again this week as the slow grind lower that we’ve seen since last spring continued to gain speed. Hot-rolled coil prices fell $30 per ton ($1.50 per cwt) week-over-week. Declines in coated products were more pronounced, with cold rolled down $55 per ton, galvanized down $35 per ton, and […]
US Steel Exports Slip 10% in September
US steel export volumes shrunk 10% from August to September, according to the latest US Commerce Department data. 723,000 net tons of steel products exited the country during the month, now the fourth-lowest monthly export rate over the past year and a half. Recall that exports levels in August were at the third-highest monthly rate […]