Nucor Tubular Products and Wheatland Tube have announced they will be raising prices on A53 Grade B standard pipe by $2.00 cwt. ($44/mt or $40/nt), effective with all new orders.
Prior to the increase announcement, prices for A53 Grade B ERW BPE standard pipe were trending in the range of $52.50-$53.50 cwt. ($1,157-$1,179/mt or $1,050-$1,070/nt), ex-mill.
The increase is believed to be directly tied to this week's price increase announcement by US flat rolled steel producers.