Sources close to SteelOrbis have confirmed that while the average spot market price for US domestic hollow structural sections (HSS) tubing continues to trend at approximately $78.50 cwt. ($1,731/mt or $1,570/nt), FOB mill, deals below this range are said to be “easily accessible” based on tonnage.
“We know there have been quite a few deals taking place that are up to $10 cwt. ($220/mt or $200/nt) below the published price,” a source said. “I’d be surprised if the mills didn’t put out another official price revision much sooner than later. The spread between where HRC is and where HSS is, is still way too wide.”