Steel Markets
Nucor Raises Tubular Product Prices
Written by Laura Miller
March 21, 2023
Citing rising raw material costs and strong demand, Nucor Tubular Products has announced its fourth price increase so far this year.
The tubular producer said in a March 17 letter to customers that new orders for hollow structural sections (HSS), pipe, mechanical, and piling products will increase by $150 per ton, effective immediately.
Earlier, on March 6, the company announced a $100-per-ton tubular products price increase, and this month’s increases were preceded by another $100-per-ton increase on Feb. 24 and a $50-per-ton increase on Jan. 24.
The increases are in line with the rising cost of hot-rolled coil substrate, which has seen price increases nearly every week so far this year, as SMU has been reporting. This week’s SMU survey puts HRC spot prices at $1,080–1200 per ton, up about $25 per ton from last week.
Nucor Tubular Products operates eight locations in Alabama, Illinois, Kentucky, Georgia, and Indiana.
By Laura Miller, laura@steelmarketupdate.com

Laura Miller
Read more from Laura MillerLatest in Steel Markets

Still no cure for the summertime HR market blues
Seasonal steel slowdowns combined with ongoing anxieties about tariffs and mill strategies have dampened sentiment for several hot-rolled steel market participants this week. Buyers are jittery, market stands still The operator of a Midwest-based service center said that steel buyers are scared. “Everyone is afraid to buy steel right now. Unless you’re on a […]

SSAB Americas reports higher Q2 production and shipments
Despite improved operating results, SSAB Americas' second-quarter and H1’25 profits fell short of those of last year.

Global steel production slips in June
The total volume of raw steel produced around the globe fell by 5% from May to June, according to recent data published by the World Steel Association (worldsteel).
Market sentiment shows improvement: PMA Business Conditions Report
Metalforming manufacturers say they’re more confident that near-term economic conditions are improving

Galvanized steel prices and demand remain stagnant in July: HARDI
Galvanized steel prices ping-ponged in the $50/hundredweight range during the month of July, settling in at roughly the same position as in June.