HSS prices move up but mills split on how much

Jun 14, 2013 | 02:37 PM | Thorsten Schier

Tags  HSS, flat-rolled, price increase, JMC Steel Group, Atlas Tube, U.S. Steel, steel, Thorsten Schier

NEW YORK — Hollow structural sections (HSS) mills are raising prices, but not in a uniform manner, market sources told AMM.

"It looks split," a Mid-Atlantic distributor source said. "Some are still holding, trying to get that $50 (-per-ton increase). But they’re all trying to get something."

However, it might take some time to see the final results of the increase due to the timespan of a typical buying program, he said. "You won’t know for 30 days down the road."

Barry Zekelman, executive chairman and chief executive officer of Chicago-based JMC Steel Group Inc., said in a recent letter that subsidiary Atlas Tube Inc. is holding the line on its leading $50-per-ton hike despite the "destructive" behavior of some mills that raised prices by only $30 per ton (amm.com, June 7).....

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