SteelOrbis sources have confirmed that the current average spot market prices for US domestic HSS tubing has revised downward since our last report a week ago. Current prices are trending at $59.50 cwt. ($1,312/mt or $1,190/nt), FOB mill, against the previous range of $66.50 cwt. ($1,466/mt $1,330/nt), FOB mill.
The continued downward revisions in HSS spot prices, sources note, are directly attributable to softness within the flat rolled steel market.