NEW YORK ArcelorMittal Tubular Products Shelby LLC and PTC Alliance Holdings Corp. are both raising prices for drawn-over-mandrel (DOM) products for January, with the latter also raising tags for electric-resistance welded (ERW) products.
ArcelorMittal Tubular Products, a Shelby, Ohio-based subsidiary of Luxembourg-based ArcelorMittal SA, plans to increase prices on CRU contract and spot purchases of DOM products by $20 per ton effective Jan. 5.
The move is "due to the overall increase in steel acquisition costs resulting from restructured flat-rolled pricing agreements by raw material suppliers," the company said in a Dec. 3 letter to customers.
Agreements for 2014 CRU DOM pricing issued for the first quarter of next year will include the increase, "in addition to the change in CRU value according to ArcelorMittals CRU formula," the company said.
Meanwhile, Wexford, Pa.-based PTC Alliance Holdings is raising its DOM and electric-resistance welded (ERW) products by $40 per ton effective Jan. 6, also citing escalating raw material prices.
The increase will apply to standard stock pricing and all CRU-index contract pricing, PTC said in a Dec. 3 letter to customers. "The increase will apply in addition to the quarterly CRU change," the company added.