US HSS prices stable, but additional corrections may be on the horizon

Wednesday, 12 February 2020 00:02:09 (GMT+3)   |   San Diego
       

The most commonly reported spot price transaction range for US domestic HSS tubing continues to trend in the range of $45-$46 cwt. ($992-$1,014/mt or $900-$920/nt), ex-mill, although sources close to SteelOrbis have described prices as being soft.

“Customers who are looking to book larger tons have no problem getting deals of up to $2.00 cwt. ($44/mt or $40/nt) below the average range,” a source said. “Demand is still pretty good, but mills’ input costs have declined, so that’s putting pressure on the market.”

 


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