US domestic HSS tube prices tick upward after mills’ latest price increase

Sources close to SteelOrbis have confirmed that the average spot market price for US domestic HSS tubing has risen in the past week, from $72.50 cwt. ($1,599/mt or $1,450/nt) to $76.50 cwt. ($1,687/mt or $1,530/nt), FOB mill. 

This week’s pricing reflects full acceptance of a $4.00 cwt. ($88/mt or $80/nt) price increase that was announced in the final days of February.