US domestic HSS market ‘holds its course’ into the holiday weekend

Friday, 28 November 2014 17:17:08 (GMT+3)   |   San Diego
       

The US domestic and import hollow structural sections (HSS) tubing markets have both maintained a steady course since out last report two week ago, as pricing has held steady across the board.

Ex-Midwest mill spot pricing continues to trend at approximately $46.00-$47.00 cwt. ($1,014-$1,036/mt or $920-$940/nt), while futures prices from Korean and Turkish mills have held at $37.50-$38.50 cwt.  ($827-$849/mt or $750-$770/nt), both DDP loaded truck US Gulf coast ports.

"Order activity has been pretty quiet since the start of the month," according to one Midwest-based source, noting this shift is not unusual moving into the Thanksgiving and winter holiday seasons. 

But that's not to say that US domestic spot prices will remain stable through the close of 2014.  Some speculate that the current, month-long outage at Bull Moose Tube could lend itself to a temporary uptick in spot prices, in that the outage will hinder supply.

On the other, others cite a belief that this will "ripple through the market without making any real waves," since the US market is entering its annual "seasonal slowdown."


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