US structural tubing price up; market questions second flat steel price increase

Prices for hollow structural sections (HSS) in the United States increased on Thursday May 21 due to recent price increases by tube mills, although sources doubted the sticking power of a second round of hikes from flat-rolled mills.

“It’s been really busy, we’ve been slammed,” one producer said. “Orders are definitely over normal, and I think it’s in response to the [tube mill] price increase letters that have gone out, so everybody’s trying to buy before the grace period ends.” Fastmarkets' weekly price assessment for steel hollow sections ASTM A500 Grade B domestic, fob mill US went up by $20 per short ton to $800-860 per ton ($40-43 per hundredweight) on May 21. That price is up by 2.5% from $780-840 per ton on May 14...

Published

Elizabeth Ramanand

May 22, 2020

18:32 GMT

New York