Atlas Tube announced to customers Friday that effective with all new orders received after 5:00 p.m. on April 25, 2008, the company will be raising its prices for hollow structural sections (HSS) by $100 /nt ($5.00 cwt. or $110 /mt).
This newly announced price increase will push domestic HSS prices to a range of $67.00 cwt. to $68.00 cwt. ($1,477 /mt to $1,499 /mt or $1,340 /nt to $1,360 /nt) for A500 grade A and grade B hollow sections up to 6" in the Midwest regions.
This price increase will affect the cost on both base products and extras charged for special grades, Atlas Tube said its letter. All current orders on the books will be price protected through Monday, May 26, 2008 shipments.
The company cited tight flat rolled supply and rising raw material costs for the reason behind this increase.