US structural tubing prices flat; HRC impact takes center stage

Prices for domestically produced structural tubing in the United States held steady for the second straight week, with market participants watching the impact of fresh price increases on steel substrate.

Steelmakers on Thursday October 24 initiated a round of $40-per-ton ($2-per-hundredweight) price increases for hot-rolled coil and other sheet products. Buyers of hollow structural sections (HSS) immediately began debating whether the timing was ripe for the increase or demand was too weak to support the increase - and whether the electric-resistance-welded (ERW) mills would respond with a price increase of their own. "All eyes are back on the flat roll once again. Everybody's on pins and needles," a southern distributor said of the coil price increase. "Hopefully it bodes well. The mills need it, and there are people who need to stock up in the fourth quarter."  Fastmarkets' weekly price assessment for steel hollow sections ASTM A500 Grade B...

Published

Dom Yanchunas

October 25, 2019

23:30 GMT

New York