US domestic HSS prices start to falter; all eyes locked on HRC

Friday, 06 February 2015 00:58:40 (GMT+3)   |   San Diego
       

The most commonly reported spot price transaction range for US domestic hollow structural sections (HSS) tubing has ticked down by $1.00 cwt. ($22/mt or $20/nt) since our last report a week ago, and many are wondering if additional corrections are on the horizon.  HSS buyers say they’re keeping a close watch on the US hot rolled coil (HRC) market, which has endured round after round of downticks since the first of the year.  There is also concern that if US domestic scrap prices do experience a marked decline for February buys, as many believe it will, that this could trickle downhill to HSS.

Sources say activity “isn’t bad” and demand is decent; as such, “price corrections are more about what’s going on elsewhere in the market.”  Other sources confirm that while the current range is now trending at $45.00-$46.00 cwt. ($992-$1,014/mt or $900-$920/nt) ex-Midwest mill, buyers looking to book hefty tonnages can score deals below that range. In terms of imports, pricing from Korea and Turkey continue to hold at approximately $37.50-$38.50 cwt.  ($827-$849/mt or $750-$770/nt) both DDP loaded truck US Gulf coast ports, but considering the current volatility within the US domestic market, interest is trending weak.


Similar articles

Chinese steel pipe export offer prices edge down slightly

27 Mar | Tube and Pipe

US HSS prices revise downward yet again due to soft HRC prices

25 Mar | Tube and Pipe

US structural pipe and tube exports down 41.7 percent in January

22 Mar | Steel News

Chinese steel pipe export offer prices fluctuate within limited range

20 Mar | Tube and Pipe

US structural pipe and tube imports up 13.6 percent in January

19 Mar | Steel News

US mechanical tubing imports up 17.6 percent in January

18 Mar | Steel News

Chinese steel pipe export offer prices move down further

13 Mar | Tube and Pipe

US HSS prices

12 Mar | Tube and Pipe

US HSS prices steady after last week’s drop

07 Mar | Tube and Pipe

Finished US domestic J55 ERW OCTG casing spot market price range

06 Mar | Tube and Pipe