Current average spot market prices for US domestic HSS tubing are flat week on week amid unremarkable demand and steady HRC pricing, sources tell SteelOrbis.
HSS prices are unchanged at $64.00 cwt. ($1,411/mt or $1,280/nt), FOB mill. During the last week of March, prices were pegged at $59.50 cwt. ($1,312/mt or $1,190/nt) FOB mill, as HSS spot prices increased amid $4.00 cwt ($88/mt or $80/nt) gains in HRC pricing in early April.
“HSS prices have not moved in the last couple of weeks,” a source told SteelOrbis. “The majors are at $64.50 cwt. ($1,422/mt or $1,290/nt) FOB mill, though they are discounting around $1.00 cwt. ($22/mt or $20/nt) on large jobs.”
“The market is very unsure right now,” said one source. “Demand is just okay, and the direction of flat rolled markets is determining changes in HSS pricing.”