US HSS prices revise downward yet again due to soft HRC prices

Monday, 25 March 2024 21:48:42 (GMT+3)   |   San Diego
       

SteelOrbis sources have confirmed that the current average spot market prices for US domestic HSS tubing has revised downward since our last report a week ago. Current prices are trending at $59.50 cwt. ($1,312/mt or $1,190/nt), FOB mill, against the previous range of $66.50 cwt. ($1,466/mt $1,330/nt), FOB mill.

The continued downward revisions in HSS spot prices, sources note, are directly attributable to softness within the flat rolled steel market.


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