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    Bull Moose Tube agrees to acquire Hanna Steel

    Written by Kristen DiLandro


    Bull Moose Tube Co. and Hanna Steel Corp. have reached an acquisition agreement, which will expand Bull Moose’s manufacturing footprint and add new tubing, coating, and logistics capabilities.

    The Chesterfield, Mo.-based manufacturer of steel pipe and tubing products agreed to acquire Hanna Steel’s structural and mechanical tubing operations in Tuscaloosa, Ala., and Pekin, Ill. Additionally, Bull Moose will take over Hanna’s coil-coating facility in Fairfield, Ala.

    Kristen DiLandro

    Read more from Kristen DiLandro

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    Nucor increases spot HR to $1,240/ton

    Nucor said on Monday, Oct. 12, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,240 per short ton (st) this week, a $10/st increase from a week earlier. The CSP for HR coil from California Steel Industries (CSI) on the West Coast will be $1,305/st, up $15/st from the prior week. Nucor is still offering lead times of three to five weeks, according to the letter to customers. You can track mill price announcements on our website. Steel Market Update (SMU) published a weekly price assessment on Tuesday, Oct. 6, showing HR coil prices averaging $1,270/st, up $10/st from the previous week. We will update our prices on the evening of Tuesday, Oct. 13.