CHICAGO Wheatland Tube
Co. appears to have kicked off a round of steel pipe price
The Sharon, Pa.-based subsidiary
of based JMC Steel Group Inc., Chicago, said in a letter to
customers dated Thursday that it is boosting tags on continuous
weld pipe by 5 percent, sprinkler pipe by 6 percent, A106
seamless material by 5 percent and grade B electric-resistance
weld (ERW) pipe by $50 per ton ($2.50 per hundredweight).
The price hike was necessary
because of "additional increases" in the price of flat-rolled
steel, according to Wheatland.
Domestic mills of flat-rolled
product, the substrate used to make welded pipe, previously
announced a price increase of $50 per ton (
amm.com, Nov. 7).
Wheatland Tube said that the
boost to tags would be effective with all new orders and
outstanding quotations, but noted that orders already on its
books would be shipped at previously acknowledged prices.
The move was followed by Nova
Tube Inc., Montreal, which plans to raise prices on grade B ERW
pipe by $50 per ton and ERW A-795 schedule-10 material by 6
percent, effective at the close of business Friday, it said.
The company cited the "recent increases in raw material"
Market sources said that other
pipe mills would likely follow Wheatlands lead, but some
questioned how successful the increase might be given soft
demand and domestic mills recent loss of a key trade
The U.S. International Trade
Commission (ITC) voted Wednesday that imports of
circular-welded carbon-quality steel pipe from four Asian and
Middle Eastern countries werent hurting the domestic
amm.com, Nov. 14). JMC Steel Group was among the
"Its not an easy market
out there," one mill source said.