HSS mills boost prices $30/T amid coil gains
Apr 16, 2012 | 03:18 PM
| Michael Cowden
Tags
HSS,
hollow structural sections,
JMC Steel Group,
Atlas Tube,
Independence Tube,
Welded Tube of Canada,
price increase,
steel tube
steel pipe
TORONTO — A number of hollow structural sections (HSS) mills are planning to increase prices by $30 per ton ($1.50 per hundredweight) in a move that has left some HSS buyers puzzled.
Atlas Tube Inc., part of Chicago-based JMC Steel Group Inc., announced in an April 13 letter to customers a minimum price increase of $30 per ton on all HSS shapes through 12 inches square and all HSS rounds up to 20 inches in outside diameter. Orders already on the books will be price-protected for shipments through May 12, but all unconfirmed quotes or contracts will be subject to the increase, it said.
The announcement was followed by Birmingham, Ala.-based Southland Tube Inc.; Independence Tube Corp. and Leavitt Tube Co. LLC, both of Chicago; and Concord, Ontario-based Welded Tube of Canada Ltd., all of which announced price increases of $30 per ton in letters to customers dated Monday.....
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