NEW YORK Hollow structural sections (HSS) mills east of the Rockies are largely sticking to recently announced price hikes, although discounts for larger orders are possible, market sources told AMM.
"Lets say if theres an attractive package, they will deviate," a Midwest service center source said, but added that mills are sticking to the increases for spot purchases.
Flat-rolled mills also are holding to their recently announced hikesAMMs benchmark price for hot-rolled sheet held at $33 per hundredweight ($660 per ton) this past weekdriving up substrate costs. "Flat-rolled guys seem to be holding firm. We havent been offered any deals," a southern mill source said.
HSS prices are steady at around $940 per ton ($47 per cwt) for now, with sources reporting little buying activity since the most recent increase took hold, although offers are now reported as high as $970 per ton ($48.50 per cwt).
Mills price-protected orders already on the books from the latest $30-per-ton HSS hike until Aug. 16 (amm.com, July 18).
Demand was briefly buoyed by the announcements of the price increases starting in early July, sources said, although buyers have now scaled back. "I bought some before and am just replacing where I need to now," the Midwest source said.
Sources said July was steady to up, with some reporting it being better than in previous years. "A lot of people had good months in July," the southern mill source said.
U.S. distributors carbon pipe and tube shipments totaled 232,500 tons in July, up 3.3 percent from 225,000 tons in the same month last year, while inventories fell 3.9 percent to 681,700 tons (2.9 months supply) from 709,400 tons (3.2 months supply), according to Metals Service Center Institute data.
Canadian distributors shipped 49,900 tons of pipe and tube in July, down 7.3 percent from 53,800 tons a year earlier, while inventories dipped 5.4 percent to 130,300 tons (2.6 months supply) from 137,700 tons (2.6 months supply).