US structural tubing prices dip; buyer stubbornness prevails

Prices for domestically produced structural tubing in the United States declined for the fourth time in five weeks after distributors sensed that their largest suppliers were aiming more for market share than for propping up prices.

Fastmarkets AMM's weekly pricing assessment for US domestic A500 hollow structural sections dropped to $960-1,000 per ton ($48-50 per hundredweight) fob mill on Thursday April 18 from $980-1,030 per ton fob mill the prior week. The largest-volume midwestern and southern mills quit on their 2019 price increases long ago and are now dragging the market downward in a mostly unsuccessful campaign to entice distributors to stock up, according to a tube mill source who...

Published

Dom Yanchunas

April 22, 2019

20:55 GMT

New York