HSS tags up $50/T; buyers still skeptical
Nov 19, 2012 | 03:39 PM
| Michael Cowden
CHICAGO Domestic hollow structural sections (HSS) producers have announced price increases following a similar boost in steel coil tags.
While the move was widely anticipated, buyer sources were skeptical Monday about whether the increase of at least $50 per ton ($2.50 per hundredweight) might stick or to what extent, given uncertainty surrounding an attempt by coil mills to increase their own prices (amm.com, Nov. 16).
The latest round of HSS hikes was kicked off by Chicago-based JMC Steel Group Inc. subsidiary Atlas Tube Inc., which said in a letter to customers dated Friday that prices would increase by a minimum of $50 per ton for HSS shapes through 12 inches square, equivalent rectangles and HSS rounds through 20 inches in outside diameter, effective with all new orders. Atlas said orders already on the books would be kept at pre-increase levels through Dec. 15 shipments.....
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.