US structural tubing prices flat; mills clearing floor stock

Prices for domestically produced structural tubing in the United States held steady while mills prepared to fully implement a June price increase but were still clearing some stock at lower prices.

One mill source said any remaining discounting would be short-lived and the whole of the price increase would be collected. Buyers reported placing more tubing orders after increases in Fastmarkets AMM's hot-rolled coil index demonstrated that the rise in prices for hollow structural sections (HSS) seems to have some legitimacy.  "The last two weeks have played in favor of the mills," a southern distributor said. "At the mills, they don't have a lot of floor stock right now. You're looking out to August rollings. Three weeks ago, there was stock everywhere." Fastmarkets AMM's weekly pricing assessment for steel hollow sections ASTM A500 grade B, domestic fob mill US, was unchanged at $860-900 per...

Published

Dom Yanchunas

July 19, 2019

23:26 GMT

New York