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.
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.
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
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
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
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.