NEW YORK At least one
domestic hollow structural sections (HSS) and mechanical tubing
mill has announced a price increase of $50 per ton ($2.50 per
hundredweight) following similar recent hikes by domestic
hot-rolled coil mills, although market participants were
skeptical whether the increase will gain any traction.
Chesterfield, Mo.-based Bull
Moose Tube Co. said it plans to lift prices on all HSS and
mechanical products by $50 per ton effective Feb. 1 "due to
rising raw material costs." Current pricing will be held for
orders placed prior to Feb. 1 and shipped through Feb. 15, it
said in a letter to customers.
"In this case, I really
dont see (the increase) sticking around," one
Mid-Atlantic distributor said.
No other mills have followed the
move yet, sources said, with some speculating that mills might
wait for more clarity on the coil hikes before making any
"This time around, due to very
slack demand, HSS mills are probably waiting to see if the
recent coil increase sticks. If it appears that it is, I would
expect all other HSS mills to do an increase," a second
Mid-Atlantic distributor said. "Im thinking we may see
something from them in another week."
Mills are generally eager to
raise prices as they seek to halt a recent price slide.
"We need increases," one mill