US structural tubing market eyes discounts, further price drops

Prices for hollow structural sections (HSS) in the United States fell for the fifth week in a row on Thursday August 13, while sources indicated that discounts were available for large-tonnage deals and predicted that prices would decline further this month.

“The market continues to be soft. I think tube mills thought if they didn't lower [prices], end users would shy away from buying,” one distributor said. “This is a way to keep momentum in the market moving." Fastmarkets assessed the price for steel hollow sections ASTM A500 Grade B domestic, fob mill US at $720-760 per short...

Published

Elizabeth Ramanand

August 14, 2020

18:30 GMT

New York