US structural tubing price slips again; demand outlook mixed

The price for hollow structural sections (HSS) in the United States fell further on Thursday June 25, with market participants sharing mixed demand outlooks while some tube mills seem to have rescinded earlier price increases.

“The market is soft, and I think next week will be very slow. I think after the July 4 [US Independence Day] holiday, if we don’t see somewhat of an increase in demand, the price will go lower,” one steel distributor said on Thursday. “Any [tube] mills who are at a high price [from the increases] haven’t woken up from their dream world.”

Fastmarkets’ price assessment for steel hollow sections ASTM A500 Grade B domestic, fob mill US dropped to $780-820 per short ton ($39-41 per hundredweight) on Thursday, down from $790-860 per ton on June 18 and down by 8% from $860-880...

Published

Elizabeth Ramanand

June 26, 2020

19:50 GMT

New York