Fastmarkets' weekly price assessment for steel hollow sections ASTM A500 Grade B domestic, fob mill US, again remained at $880-920 per short ton ($44-46 per hundredweight) on August 15, after narrowing upward to that level on August 1. During the survey period, offers were reported as high as $960 per ton ($48 per cwt) and as low as $860 per ton ($43 per cwt).
"One or two of the mills are trying to push all the increase. Other mills are not pushing any of the increase," one midwestern distributor said. "We're not paying it."
Electric-resistance welded mills announced one $40-per-ton ($2-per-cwt) increase in June and another in July. One mill source reported that his company was demanding the full $80 per ton ($4 per cwt), while three mill sources said their companies were not.
Most market participants did not believe the full $80-per-ton increase will be demanded in August. Debate centered around whether the hikes would be...