Is a change on the horizon for the US line pipe market?

Wednesday, 28 May 2014 00:09:25 (GMT+3)   |   San Diego
       

As with last week, spot and futures prices for US domestic API X-42 electric resistance welded (ERW) line pipe have trended sideways, although many within the domestic market wonder how long this trend will hold.  The final determinations in the still-pending antidumping (AD) and countervailing duty (CVD) trade case against names offshore producers of oil country tubular goods (OCTG) casing is set to come out in July, and if the final margins are higher than initially suspected, this could bode well for those pushing for a line pipe filing. 

For now, order activity and inquiries are steady, but nothing to write home about, with US domestic prices still trending at $51.00-$52.00 cwt. ($1,124-$1,146/mt or $1,020-$1,040/nt), ex-Midwest mill, while futures prices out of Vietnam and Taiwan can still be found at approximately $38.50-$39.50 cwt. ($849-$871/mt or $770-$790/nt) DDP loaded truck US Gulf coast. 


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