HSS price run-up could be short-lived: buyers
Dec 22, 2011 | 05:23 PM
| Michael Cowden
TORONTO Hollow structural section (HSS) buyers expect prices to increase going into 2012, but just how long that trend will last remains to be seen, with some predicting the run-up could lose steam by the end of the first quarter.
The expectation of rising HSS tags comes as tubing mills continue to see their main input materialsteel coilpick up speed. Coil mills, which produce the substrate used to make welded tubular products, such as HSS, have been relatively firm about holding the line on their own price hikes, forcing tube mills to try to do the same, sources said.
Citing rising raw materials costs, HSS mills earlier this month announced a price increase of $50 per ton ($2.50 per cwt), in most cases effective immediately for new orders but not until early January for those already on the books. But since the early December HSS increases, a number of flat-rolled mills have raised their coil prices further still, leaving some players speculating that an HSS holiday price hike isnt out of the question.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.