Little, if anything has changed within the
US domestic and import Grade A electric residence weld (ERW) black plain end (BPE) standard pipe markets since our last report two weeks ago, as pricing, order activities and inquiries have all remained lateral. In terms of the
US domestic market, spot prices have continued to hold in the approximate range of $47.00-$48.00 cwt. ($1,036-$1,058/mt or $940-$960/nt) ex-Midwest mill, unchanged since the latter part of May when prices firmed by approximately $2.00 cwt. ($44/mt or $40/nt) due to pricing upticks within the
US flats market.
Looking to imports, futures offers from
Taiwan have also remained neutral at $38.50-$39.50 cwt. ($849-$871/mt or $770-$790/nt) DDP loaded truck in
US Gulf Coast port, while Vietnamese and Korean offers are trending $0.50 cwt. ($11/mt or $10/nt) higher and $2.00 cwt. ($44/mt or $40/nt) higher, respectively, also DDP loaded truck in
US Gulf coast ports.