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 mills.
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 confirmation dates.
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. 15 shipments.
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).