US structural tubing prices flat; buyers halt

Prices for domestically produced structural tubing in the United States held steady this past week, with electric-resistance-welded mills facing a conundrum as substrate prices continue to decline and customers postpone orders until tube prices follow suit.

Buyers said they expect additional discounting from the tube mills, and distributors may be forcing the issue. Still, the mills have been loath to cut their selling prices for rolled products that were made using hot-rolled coil that was procured when steel prices were much higher than now. The cost of coil substrate has hit its lowest point in more than a year, according to Fastmarkets' pricing records. And the tubers' customers expect welded material to...

Published

Dom Yanchunas

January 25, 2019

22:46 GMT

New York