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.

Nucor Tubular Products

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

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.

Read more from Laura Miller

Latest in Steel Markets