US structural tubing price rises after mill increases

The price for domestically produced structural tubing in the United States rose for the first time in three months after electric-resistance-welded (ERW) mills officially pursued price increases.

Following the lead of their hot-rolled-coil providers, tube mills announced a round of $40-per-ton ($2-per-hundredweight) price increases beginning on Friday October 25. Market participants reported that the mills are demanding the higher price range for hollow structural sections (HSS).  "As the dust settles, everybody is trying to stay disciplined and pass it along," a southern distributor said. "They are trying to enforce it. " Fastmarkets' weekly price assessment for steel hollow sections ASTM A500 Grade B domestic, fob mill US climbed to a new range of $830-880 per ton ($41.50-44 per cwt) on Thursday October 31, widening...

Published

Dom Yanchunas

November 01, 2019

21:47 GMT

New York