US structural tubing price up on mill offers; buyers cautious

Prices for hollow structural sections (HSS) in the United States continue to tick up based on mill increases, but market participants have said they are waiting until after the national Labor Day holiday - celebrated Monday September 7 - to negotiate with mills and buy.

“Anything [related to] long-term quoting has the price increase on it, and if it becomes a buy then negotiations start; but no one is really in any position to buy anything,” a tube producer said.

Fastmarkets assessed the price for steel hollow sections ASTM A500 Grade B domestic, fob mill US at $740-780 per short ton ($37-39 per hundredweight) on Thursday September 3. The current price is up by $20 from $720-760 per ton the previous week and nearly flat from $750-780 per ton one month ago, but...

Published

Elizabeth Ramanand

September 04, 2020

18:31 GMT

New York