Futures offers for Taiwanese, Vietnamese and Indian API-X42 electric resistance weld (ERW) line pipe may still be in the approximate range of $38.50-$39.50 cwt. ($849-$871/mt or $770-$790/nt) DDP loaded truck
US Gulf coast ports, but trader sources say that Korean producers are trying to get prices up. Although the most commonly reported transaction range from these mills has held at approximately $39.50-$40.50 cwt. ($871-$893/mt or $790-$810/nt) DDP loaded truck
US Gulf coast ports, it’s been heard that Korean producers are trying to take the market up by approximately $1.25 cwt. ($28/mt or $25/nt). “There is still a lot of rumbling chatter about a potential trade case,” according to one Texas-based trader source, “and mills that were named in the OCTG trade case seem to be exercising some caution.”
Meanwhile, it’s another story of same stuff, different day when it comes to domestic offerings, which are still reported as being in the approximate range of $51.00-$52.00 cwt. ($1,124-$1,146/mt or $1,020-$1,040/nt) ex-Midwest mill. But as with last week, anyone who is interested in booking a large, sizeable order can likely negotiate a better price.