Who will blink first on structural tubing hike?
Apr 17, 2014 | 04:55 PM
| Thorsten Schier
NEW YORK The structural tubing market east of the Rockies appears to be caught up in a game of chicken between mills that raised prices early and mills that are doing so in May.
Price increases that were kicked off earlier this month have been broadly followed, but with differing time lines. "Its kind of like, whos going to blink first," one mill source said.
Lasalle, Québec-based Nova Steel Inc. was the latest to raise prices, announcing a $40-per-ton increase for all hollow structural section (HSS) and mechanical tubing products effective May 9. Bull Moose Tube Co., Chesterfield, Mo., had raised prices by the same amount and effective date, after Southland Tube Inc. and at least five other domestic mills set mid-April price increases ranging from $30 to $40 per ton (amm.com, April 14).....
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