HSS tube mills raise spot market prices due to continued upticks in HRC

Tuesday, 09 April 2024 21:05:19 (GMT+3)   |   San Diego
       

Current average spot market prices for US domestic HSS tubing have revised upward since our last report two weeks ago on the heels of rising HRC prices, sources told SteelOrbis today.

Today's HSS prices are now trending at $64.00 cwt. ($1,411/mt or $1.280/nt), FOB mill, against $59.50 cwt. ($1,312/mt or $1,190/nt), FOB mill, during the last week of March.

“There is some discounting of up to $1.00 cwt. for volume buyers but we expect those deals to disappear fast,” one source told SteelOrbis.

In the past two weeks, HRC prices have increased by approximately $4.00 cwt ($88/mt or $80/nt) to $40.50-$42.50 cwt ($893-$937/mt or $810-$850/nt). Should HRC prices continue to rise, subsequent increase announcments from the tube mills are expected.


Similar articles

Turkey exhausts its Q4 merchant bar import quota for UK

19 Nov | Steel News

EU’s HRC import quotas for some “other countries” exhausted in new period

02 Oct | Steel News

Turkey fills EU quotas for wire rod, hollow sections, railway steel

03 Jul | Steel News

EU’s wire rod and HS import quotas for Turkey exhausted

17 May | Steel News

EU's HRC import quota for other countries exhausted

03 Apr | Steel News

Turkey exhausts some of its EU steel import quotas

17 Jan | Steel News

EU’s HRC import quota allocated for other countries exhausted in new period

03 Oct | Steel News

EU’s import quotas for some products about to be exhausted, especially for HRC

26 Jul | Steel News

EU import quotas of HRC for some countries exhausted

21 Jun | Steel News

US OCTG exports down 10.9 percent in September from August

22 Nov | Steel News