Can US HSS spot prices rock steady into the New Year?

Thursday, 25 December 2014 18:31:53 (GMT+3)   |   San Diego
       

The slow-erosion of US domestic hot rolled coil (HRC) prices may be cause for concern for players within the US domestic hollow structural sections (HSS) market, despite mills' attempts to push through a $2.00 cwt. ($44/mt or $40/nt) price increase earlier this month.  The general speculation is that the announcement was less about firming the spot market and more about preventing a downward slide, but with so many people being on vacation this week due to the holidays, order activity, inquiries and bookings are at near-silent levels.  The overall situation, however, is expected to become clearer after the first of the year.

In terms pf prices,  ex-Midwest mill spot pricing has remained in the approximate range of $46.00-$47.00 cwt. ($1,014-$1,036/mt or $920-$940/nt), unchanged in the past two weeks, while futures prices from Korean and Turkish mills have also remained lateral at $37.50-$38.50 cwt.  ($827-$849/mt or $750-$770/nt), both DDP loaded truck US Gulf coast ports.


Similar articles

US structural pipe and tube exports down 7.3 percent in September

28 Nov | Steel News

GCC to announce definitive safeguard measures against certain steel imports

10 May | Steel News

Turkish welded pipe producers’ export prices remain stable

07 Aug | Tube and Pipe

Local Turkish welded pipe prices remain stable

02 Aug | Tube and Pipe

Local Chinese steel pipe prices indicate slight fluctuations

01 Aug | Tube and Pipe

Turkish welded pipe producers' export prices remain stable

31 Jul | Tube and Pipe

Chinese steel pipe export offer prices move sideways

31 Jul | Tube and Pipe

Local Chinese steel pipe prices mostly remain stable

25 Jul | Tube and Pipe

Local Turkish welded pipe offers remain stable

12 Jul | Tube and Pipe

Local Chinese steel pipe prices soften slightly or move sideways

11 Jul | Tube and Pipe