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(AMM) W. Coast mart shuns structural tubing price increase

February 08, 2010 - 21:34 GMT Location: LOS ANGELES

KEYWORDS: West Coast , structural tubing

The West Coast market for structural steel tubing remains in limbo as the latest increase by mills east of the Rockies has yet to gain acceptance in the region.

A $60-per-ton ($3-per-hundredweight) hike in late January announced by mills east of the Rockies hasn't taken hold, market sources said, noting that most mills on the West Coast have yet to follow their Midwest counterparts.

The latest increase would raise the f.o.b. mill price of core sizes of A500 Grade B hollow structural sections to an estimated $43 to $44 per cwt.

"By this measure, the delivered price here should now be about $47 to $48...

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