NEW YORK Atlas Tube Inc. has raised its prices for hollow structural sections (HSS) by a minimum of $50 per ton effective with new orders.
The subsidiary of Chicago-based JMC Steel Group Inc. said in a March 4 letter to customers that the increase applies to all HSS shapessquares and equivalent rectanglesthrough 12 inches square, as well as all HSS rounds up to 20 inches in outside diameter.
All orders currently on Atlas books will be price-protected for shipments through April 1, the company said.
The price hike was followed by Birmingham, Ala.-based American Tube Manufacturing Inc., which has raised HSS prices by $50 per ton effective immediately, according to a March 5 letter to customers.
Orders already on the books will be price-protected through April 1 shipment, American Tube said.
Southland Tube Inc. also followed the move, hiking structural, mechanical and pipe products by $50 per ton, according to a March 5 letter to customers. Orders currently on the books will be price-protected through April 1 shipment, the Birmingham, Ala.-based company said.
Welded Tube of Canada Ltd. is also on board, hiking prices on HSS and mechanical tube products by a minimum of $50 per ton effective with orders received after 4:30 p.m. EST on March 5. Existing orders will also be protected through April 1, the Concord, Ontario-based company said in a letter to customers dated March 5.
The HSS increases come after most large flat-rolled steelmakers recently announced price hikes of $50 per ton (amm.com, Feb. 27).