SteelOrbis sources have confirmed that book prices forUSdomestic HSStubingare still being heard at approximately $97-$98 cwt. ($2,138-$2,161/mt or $1,940-$1,960/nt), FOB mill, however, deals below $90 cwt. ($1,984/mt or $1,800/nt), FOB mill, have been heard based on volume.
Market sources throughout theUSsay they still believe that a downward price revision is imminent, and that mills are likely to take book pricing down by “at least $5.00 cwt. ($110/mt or $100/nt).”