USS, Tenaris plan to hike pipe prices up to $75/ton [UPDATE]

Nov 21, 2007 | 11:56 AM | Michael Cowden

U.S. Steel Corp. and Tenaris SA plan to boost pipe prices by $50 to $75 per ton effective with shipments Jan. 1.

The move is needed because of increasing raw material, energy and logistics costs, Luxembourg-based Tenaris said in a letter to customers dated Nov. 16. Pittsburgh-based U.S. Steel also cited higher costs as a reason for the increase, market sources said.

Both companies plan to raise prices on electric-resistance-weld (ERW) standard and line pipe by $50 per ton ($2.50 per hundredweight) and on seamless standard and line pipe by $75 per ton ($3.75 cwt), according to the letter and market sources.....

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