US HSS mills announce sweeping price increase

Thursday, 09 March 2017 00:54:57 (GMT+3)   |   San Diego
       

Maruichi Leavitt Pipe and Tube, Bull Moose Tube, Independence Tube Corporation and Atlas Tube today announced they would be raising prices on all new HSS orders by $3.00 cwt. ($66/mt or $60/nt), effective immediately.  The price increase is attributed to continued increases in hot rolled coil prices.

Last week, SteelOrbis reported that US HSS spot market prices were trending at $46-$48 cwt. ($1014-$1058/mt or $940-$960/nt), ex-mill.

If the current price increase is accepted, US HSS spot market prices will likely trend at $49-$51 cwt. ($1080-$1124/mt or $980-$1020/nt), ex-mill.


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