US structural tubing prices dive; no sign of HRC price bottom

Prices for domestically produced structural tubing in the United States dropped after distributors avoided ordering inventory while the declining price of hot-rolled coil indicated that tube will be cheaper soon, too.

The period of weak demand has intensified the rivalry between the two largest tubing producers: Altas Tube and Nucor Tubular. Both mills' sales teams reportedly have been trying to learn their competitor's latest quotes, then match or beat those offers, according to market participants.   Fastmarkets AMM's weekly pricing assessment for US domestic A500 hollow structural sections fell to a new range of $1,020-1,040 per short ton ($51-52 per hundredweight) fob mill on Thursday January 17, from the previous range of $1,040-1,085 per ton ($52-54.25 per cwt). Structural tubing prices have...

Published

Dom Yanchunas

January 18, 2019

18:21 GMT

New York