U.S. Steel aims to increase OCTG prices by $300/ton

U.S. Steel plans to increase prices for seamless oil country tubular goods (OCTG) by $300 per ton.

The Pittsburgh-based steelmaker, owned by Japan’s Nippon Steel, said the price hike would be effective with all new third quarter orders.

“We appreciate your continued support and look forward to servicing your tubular requirements,” the company said in a letter to customers dated May 13.

The move came just two days before the ITC decided to proceed with a trade case targeting both seamless and welded OCTG imports from Austria, Taiwan, and the United Arab Emirates (UAE).

Michael Cowden

Michael Cowden is editor-in-chief for Steel Market Update. Cowden has covered the steel industry since 2007. He specializes in flat-rolled steel but has also reported on steel long products, steel pipe and tube, and aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.

Michael Cowden

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