US domestic hollow structural section (HSS) tubing prices are mostly stable week-over-week, at an average price of $44 cwt. ($970/mt to $880/nt), ex-mill. However, sources close to SteelOrbis say they’re concerned that prices may continue to shift downward.
US HRC prices continue to face downward pressure, sources note, adding that news that US scrap prices could fall by as much as $50/gt ($51/mt) during the April buy cycle, is weighing on the minds of many.