US structural tubing prices flat; market gauges timing of mill increases

Prices in the United States for domestically produced structural tubing held steady while market participants assessed the true timing of the implementation of mill pricing increases announced in June.

Sources at four tube mills said inquiry or order activity from distributors increased in the first half of July following two steel mill price-increase announcements on sheet and one hike from the tubers.  The "current price has ticked up a little," one tube mill source said. "We're getting mixed signals from different parts of the country."  Fastmarkets AMM's weekly assessment for steel hollow sections ASTM A500 Grade B  domestic, fob mill US, was unchanged at $860-900 per short ton ($43-45 per hundredweight) on Thursday July 11.  On July 5, hollow sections had recorded their first increase after a streak of 13 decreases in five months, and followed a round of $40-per-ton hikes by the tube mills on June 28. Electric-resistance welded (ERW) mills had followed the lead of their substrate providers, which raised sheet prices by the same amount earlier...

Published

Dom Yanchunas

July 12, 2019

23:10 GMT

New York