HSS mills follow Atlas on $40/ton hike
Aug 08, 2012 | 04:27 PM
| Michael Cowden
Tags
steel prices,
Atlas Tube,
Independence Tube,
Welded Tube of Canada,
Maruichi Leavitt Pipe & Tube,
HSS,
Michael Cowden
CHICAGO — Domestic tube mills have followed a price hike on hollow structural sections (HSS) announced by Atlas Tube Inc. earlier this week, but the jury is still out on whether the increase will stick, market sources told AMM Wednesday.
Among the mills announcing increases of at least $40 per ton ($2 per hundredweight), effective with all new orders, were Independence Tube Corp., Chicago; Welded Tube of Canada Ltd., Concord, Ontario; and Maruichi Leavitt Pipe & Tube LLC, Chicago, according to customer letters dated Tuesday.
Market sources said other domestic HSS producers had also followed the leading move announced Monday by Atlas, a subsidiary of Chicago-based JMC Steel Group Inc. (amm.com, Aug. 7).....
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