US HSS prices hold steady

Thursday, 23 July 2020 21:47:29 (GMT+3)   |   San Diego
       

Sources close to SteelOrbis have confirmed that activity and pricing within the US domestic hollow structural section (HSS) tubing market are identical to conditions reported last week. As such, most transactions are being heard at $40 cwt. ($882/mt or $800/nt), delivered to customers in the Southeast.

Demand is still terrible at best, sources note, adding that the overall state of the market is depressed. What is interesting, however, is that US domestic flats mills announced a $2 cwt. ($44/mt or $40/nt) price increase on all flat rolled steel products, including HRC. Although it’s largely speculated that the announcement was rolled out “to stop the bleeding” since flat steel demand hasn’t been great, lead times are short and supply seems to be outpacing demand, and it’s suspected that “if the HRC increase begins to show even the smallest signs of acceptance, the tube mills will likely roll out an increase as well.”


Most Recent Related Articles

US import API X-52 line pipe prices from Korea and Mexico

US domestic API X-52 line pipe prices

US import API X-52 line pipe prices from Korea and Mexico

US HSS prices hold stable week-over-week

US import API X-52 line pipe prices from Korea and Mexico