US structural tubing price unchanged; decreases disrupted

Prices for structural tubing in the United States stayed flat on Thursday February 27. Market participants previously thought potential decreases were forthcoming for the domestic tube market, but a new price hike on flat-rolled products indicated that might not be the case.

“Hot-rolled came through with an increase… If tubing comes through with an increase, we would be really screwing up the [flat-rolled] market and tubing market,” one steel distributor said. “We were starting to see things turning around and stability in pricing.” Fastmarkets' weekly price assessment for steel hollow sections ASTM A500 Grade B domestic, fob mill US remained at $860-890 per short ton ($43-44.50 per hundredweight) on Thursday, unchanged since February 6 but down by 3.3% from $890-920 per ton a...

Published

Elizabeth Ramanand

February 28, 2020

21:51 GMT

New York