US HSS prices soften on the heels of HRC, scrap

Wednesday, 16 January 2019 22:43:42 (GMT+3)   |   San Diego

The sharp downtrend in US scrap prices and slow, downward drift that’s been taking place within the US HRC market has finally spilled over to the US domestic tubing market.

Current prices for US domestic hollow structural sections (HSS) tubing have ticked down by $1.00 cwt. ($22/mt or $20/nt) in the past week, and some question whether additional adjustments are on the horizon.

Today’s range, which is now being heard at $52-$54 ($1,146-$1,191/mt or $1,040-$1,080/nt), ex-mill, is a modest improvement from mid-January 2018 when the average spot market transaction price was $50.50 cwt. ($1,113/mt or $1,010/nt), ex-mill.

Sources close to SteelOrbis note that while activity is steady, “it’s definitely not where we’re like for it to be, which isn’t helping in terms of keeping prices steady.”


Most Recent Related Articles

Employment in Turkish construction sector down 0.8% in Q4 from Q3

Vietnam’s steel production falls by 22.3 percent in January

Indian buyers increase import scrap purchases at higher prices

Silicon steel sheet prices in local Chinese market - week 9

Ferromanganese prices in local Chinese market - week 9