Hollow section offering prices from China have increased by $20 /mt since our last report, now ranging from $700 /mt to $720 /mt CFR LO in West and Gulf Coast ports. However, no sales have been concluded due to quality issues.
Due to the lack of ships and skyrocketing freight rates, Turkish offers for square and rectangular tubing have increased by $30 /mt since our last report two weeks ago, though FOB prices remain steady. Prices are now ranging from $780 /mt to $800 /mt CFR FO in US Gulf ports. The product in question is square and rectangular tubing according to ASTM A500 Grade A and B, 4" and up. Due to the pending antidumping investigation on light wall tubing from China and Turkey, smaller sized tubing is not currently being offered.