US domestic HSS prices decline on low demand, price pressure from short line mills

Monday, 06 May 2024 08:38:05 (GMT+3)   |   San Diego
       

Current average spot market prices for US domestic HSS tubing declined last week amid continued low demand and increased price pressure from short line mills, market insiders told SteelOrbis.

HSS prices are assessed at $60.50 cwt ($1,334/mt or $1,210/nt) FOB mill, down $3.50 cwt ($77.16 /mt or $70/nt) from earlier mid-April assessments at $64.00 cwt ($1,411/mt or $1,280/nt).

“The market for HSS is really soft right now,” said one SteelOrbis contact. “There’s a lot of price pressure being felt from the short line mills.”

HSS market contacts added that pricing in the tube markets continues to be influenced by movement in the flats markets which have recently been drifting lower.

In the flat rolled market, flagging late April demand saw US domestic spot HRC prices down $0.62/cwt or $13.67/mt this past week to $40.25-$41.50/cwt, ($887-$915/mt or $$805-$830/nt) FOB mill. Lead times for HRC are reported at about 4 weeks, down from a previous estimate of 3-7 weeks.


Similar articles

Local Chinese steel pipe prices rebound slightly

01 Nov | Tube and Pipe

Local Chinese steel pipe prices decrease amid lower upstream prices

24 Oct | Tube and Pipe

US pipe prices rise off recent bottoms as flat steel prices continue to trend higher

04 Oct | Tube and Pipe

Local Chinese steel pipe prices fluctuate

26 Sep | Tube and Pipe

Local Chinese steel pipe prices fluctuate slightly

19 Sep | Tube and Pipe

Local Chinese steel pipe prices fall slightly amid lackluster demand

12 Sep | Tube and Pipe

Local Chinese steel pipe prices decrease amid weak trading activity

05 Sep | Tube and Pipe

Local Chinese pipe prices fall further amid sluggish trade

22 Aug | Tube and Pipe

Local Chinese steel pipe prices fall further amid lower costs and weak demand

15 Aug | Tube and Pipe

Local Chinese pipe prices fall further amid weak demand, reduced upstream costs

08 Aug | Tube and Pipe