On Friday, December 11, Nucor Tubular Products announced it will be increasing pricing on all new orders for HSS, pipe, mechanical and piling products by $5.00 cwt. ($110/mt or $100/nt), effective immediately. According to the announcement, the increase "is a result of rising raw material costs, strong demand, and volatility of transportation costs."
All orders booked prior to the announcement will be price protected for shipments through January 11, 2020.
This is the second $5.00 cwt. price increase that has been announced this month.