US HSS prices still steady, but showing weakness

Wednesday, 10 January 2024 21:30:23 (GMT+3)   |   San Diego
       

Sources close to SteelOrbis have indicated that spot market prices for US domestic HSS tubing are still being heard at approximately $79 cwt. ($1,742/mt or $1,580/nt), FOB mill. At the same time, sources have indicated that some mills have been increasingly willing to negotiate on price.

“I think a lot of people expected tube mills would roll out a price increase last week when the flats mills announced, but that hasn’t happened,” a source said. “I think at this point prices are more likely to go down than they are to go up.”


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