US structural tubing prices drop after mills try to entice orders

Prices for domestically produced structural tubing in the United States declined after mills further intensified fourth-quarter discounting to move tons out the door.

Fastmarkets AMM's pricing assessment for US domestic A500 hollow structural sections fell to a new range of $1,120-1,155 per ton ($56-57.75 per hundredweight) on Thursday October 25, from the previous range of $1,130-1,170 per ton ($56.50-58.50 per cwt) a week earlier.  Market participants reported that certain large mills were offering bargains. And while competitors strove to not have to match the reduced prices, ultimately those mills had little choice but to capitulate.  "It looks like there has...

Published

Dom Yanchunas

October 26, 2018

23:13 GMT

New York