HSS prices dip as some OCTG products inch up
Sep 24, 2013 | 03:31 PM
| Thorsten Schier
NEW YORK Pipe prices moved on different tracks in September, with the hollow structural sections (HSS) market participants reporting some softening due to a drop in coil prices as some oil country tubular goods (OCTG) products were said to be higher.
The rise in some OCTG products stemmed from a recent price hike and a trade case filed against nine countries in July (amm.com, July 2).
HSS tags fell to $930 per ton from $950 per ton a month ago due to soft demand and falling coil tags.
"There is a sense that the flat-rolled (market) is coming down a little bit," one Midwest distributor source said, adding that demand wasnt strong enough to support the higher prices.....
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