US steel hollow structural sections market at ‘inflection point’

For the first time in more than a year, market participants in the United States' hollow structural sections industry are beginning to make references to “peak” and “inflection point.”

With inventory levels improving, input costs stagnating and the future of hot-rolled coil prices up for debate, US steel hollow sections prices have now been steady for a fourth week in a row. Fastmarkets’ weekly assessment for steel hollow sections ASTM A500 Grade B domestic, fob mill US held at $2,425-2,475 per short ton ($121.25-123.75 per hundredweight) on Thursday September 9, unchanged since mid-August. “Personally, I think we are at the top of the market or really close,” a southern distributor source said. “I’m not sure...

Published

Mark Burgess

September 10, 2021

21:16 GMT

Knoxville, Tennessee