NEW YORK Atlas
Tube Inc., a subsidiary of Chicago-based JMC Steel Group Inc.,
has launched a $40-per-ton price increase for hollow structural
sections (HSS) effective June 26.
The increase applies
to all HSS shapessquares and equivalent rectangles
through 12-inches square, as well as all HSS rounds with an
outside diameter of up to 20 incheswith shipments already
on the books price-protected through July 26, according to a
letter sent to customers.
move follows a $50-per-ton hike on the same products launched
by Atlas earlier this month (
amm.com, June 4).
The push by Atlas was
followed June 27 by at least five other millsWelded Tube
of Canada Ltd., Concord, Ontario; Southland Tube Inc.,
Birmingham, Ala.; Maruichi Leavitt Pipe & Tube LLC,
Chicago; Hanna Steel Corp., Hoover, Ala.; and American Tube
Manufacturing Inc., Birmingham, Ala.
increase applies to HSS and mechanical tube products, while
Maruichi Leavitt said its hike is applicable to all products
and size ranges. Hannas hike is also applicable to all of
its tubular products.
Existing orders for
Southland and Welded Tube customers are price-protected through
July 27, the companies said in letters to customers, while
Maruichi Leavitt, Hanna and American Tube followed Atlas
lead in announcing price-protection through July 26, according
to letters sent to customers.
The latest HSS
increase comes in the wake of a third flat-rolled steel hike by
domestic mills (
amm.com, June 26), which came on the heels of a
mechanical failure at West Chester, Ohio-based AK Steel
Corp.s Middletown, Ohio, blast furnace (
amm.com, June 24).
"We will continue to
closely monitor the strengthening hot-rolled coil market and
will advise you in the event that additional increases become
necessary," Southland said in its letter.
The last time tube
mills announced price hikes, a handful chose to lift tags by
less than the others, stirring doubt as to the viability of the
(amm.com, June 5). But sources expressed more
confidence in this latest HSS hike, with both mills that had
dissented from the previous hike, Southland and Hanna,
immediately following the full increase.
"This or part of it
will stick now," a Mid-Atlantic distributor told AMM.
"This increase is based on reality and not wishful thinking.
(The) AK outage will definitely impact coil price."
Buying sources had not
reported paying the previous increase yet, leaving
AMMs benchmark price for HSS unchanged at $900
per ton this month, though some mill sources had reported
earlier this week that they were starting to capture at least a
portion of the previous hike.
some orders with the (early June) increase on it," one mill