HSS hike hinges on flat-rolled price increase
Mar 06, 2013 | 04:48 PM
| Thorsten Schier
Tags
HSS,
hollow structural sections,
flat-rolled steel,
prices,
Atlas Tube,
JMC Steel,
American Tube Manufacturing,
Welded Tube of Canada
Southland Tube
NEW YORK — Whether recent hollow structural sections (HSS) price hikes will hold depends on the success of earlier flat-rolled steel increases, as there hasn’t been a noticeable pickup in demand, market sources told AMM.
"It’s not bad; it’s just not great," one mill source said of current demand, adding that the flat-rolled increases were the main reason for the hike.
"We need it with the flat-rolled going up," he added.
"They’re doing that because it lets them negotiate off a higher base," a trader said of the hikes. "But whether it really makes a difference in what the customer pays, in the transaction prices, that remains to be seen."....
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