Everything in both the
US domestic and import API-X42 electric resistance weld (ERW) line pipe markets have remained sideways since our last report a week ago, although sources close to SteelOrbis say the market is “staring down the barrel” of a trade case filing, and feel the shoe will officially drop in mid-October. The recent win in the OCTG case is a big factor, they said, and that the “win” against most of the named offshore producers has incited a “trade case fever” type of environment. Yet for now, everything has held lateral.
US domestic spot prices continue to hold in the approximate range of $51.00-$52.00 cwt. ($1,124-$1,146/mt or $1,020-$1,040/nt) ex-Midwest mill, while futures offers from Vietnamese and Indian mills continue to hold at approximately $38.50-$39.50 cwt. ($849-$871/mt or $770-$790/nt) DDP loaded truck
US Gulf coast ports. Futures offers from Korean and Taiwanese producers have also held steady in the past week and are still in the approximate range of $40.00-$41.00 cwt. ($882-$904/mt or $800-$820/nt) DDP loaded truck
US Gulf coast ports.