HSS mills said looking to cut rebates for 2014

Dec 11, 2013 | 01:10 PM | Thorsten Schier

Tags  HSS, hollow structural sections, HSS rebates, North American Steel Alliance, Miles Donovan, Thorsten Schier

NEW YORK — Hollow structural sections (HSS) mills are pushing hard to reduce tonnage-based price rebates for next year, market sources told AMM.

"I’m hearing that supposedly the big boys are drastically reducing the rebates," one mill source said.

"They (mills) had said their margins were shrinking and that (cutting the rebates) is one way to get them back up," a Midwest distributor said.

Sources said that in some cases rebates were as high as $60 per ton ($3 per hundredweight) for buys of certain tonnages in a predetermined timeframe, although $40 per ton ($2 per cwt) was seen as more typical.....

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