CHICAGO ExlTube Co. and
Hanna Steel Corp. have separately announced plans to increase
prices on tubular products by at least $50 per ton ($2.50 per
hundredweight), throwing their weight behind a round of price
increases recently announced by other domestic pipe and tube
North Kansas City, Mo.-based
ExlTube said it was raising prices for all square, rectangular
and round mechanical and structural products by a minimum of
$50 per ton, according to a Nov. 19 letter to customers. The
company said existing contract prices would be honored and
orders already on its books would be kept at pre-increase
levels for shipments through Dec. 14.
ExlTube said it also planned to
boost tags on all A-53 B standard pipe products by a minimum of
$50 per ton. The company said the increase applied to all
unconfirmed quotations and contracts, but existing orders would
be price-protected for shipments on or before the original
Fairfield, Ala.-based Hanna
Steel has also lifted its prices by a minimum of $50 per ton,
according to a Nov. 19 letter to customers. Hanna said
confirmed orders would be held at current prices through Dec.
The announcements follow similar
moves by competitor mills. A number of domestic mills have
increased prices by a minimum of $50 per ton following leading
moves by Chicago-based JMC Steel Group Inc. subsidiaries
Wheatland Tube Co. on pipe (
amm.com, Nov. 16) and Atlas Tube Inc. on
structural tubing (
amm.com, Nov. 19).
The increases come in the wake of domestic mills
announced price hikes on coil products by the same amount (
amm.com, Nov. 7).