NEW YORK A number of producers have implemented price hikes for hollow structural sections (HSS) and mechanical tubing products, all raising tags by a minimum of $50 per ton.
Atlas Tube Inc., a subsidiary of Chicago-based JMC Steel Group Inc., said in a June 3 letter to customers that the increase, effective immediately, applies to all HSS shapessquares and equivalent rectanglesthrough 12 inches square, as well as all HSS rounds with an outside diameter of up to 20 inches. Orders already on Atlas books are price protected for shipments through July 3, the company said.
Six other producersAmerican Tube Manufacturing Inc., Birmingham, Ala.; ExlTube Co., North Kansas City, Mo.; Independence Tube Corp., Chicago; Maruichi Leavitt Pipe & Tube LLC, Chicago; Nova Tube Inc., Montreal; and Welded Tube of Canada Ltd., Concord, Ontariofollowed the increase a day later, noting in their letters to customers that existing orders will be price protected through July 3.
Independence Tubes hike applies to squares and equivalent rectangles from 2 to 12 inches, as well as ITC50 pipe size and HSS rounds up through 16 inches in outside diameter; Nova Tubes and Welded Tubes increases apply to HSS and mechanical tube products; and Maruichi Leavitt, which according to its website makes structural, mechanical and HI-Y 50 pipe-size tubing, said its hike is applicable to all products and size ranges. ExlTubes hike applies to HSS products.
The HSS increases come after most large flat-rolled steelmakers recently announced price hikes of $50 per ton ($2.50 per hundredweight) or set higher minimum base prices (amm.com, May 23).