Falling prices in the
US domestic hot rolled coil (HRC) market have helped place downward pricing pressure on other downstream products, including
US domestic Grade A ERW BPE standard pipe.
The most commonly reported spot price transaction range for
US domestic Grade A ERW BPE standard pipe has softened by approximately $2.00-$3.00 cwt. ($44-$66/mt or $40-$60/nt) since our last report two weeks ago, when prices were heard at $44.00 cwt. ($970/mt or $880/nt) ex-Midwest mill; sources close to SteelOrbis have confirmed the current average spot market transaction range is now trending at $41-$43 cwt. ($901-$948/mt or $820-$860/nt), ex-Midwest mill. “Things are falling and we don’t think the downward slide is over just yet,” one source said, adding a strong belief that any further corrections for
US domestic HRC “will keep putting downward pricing pressure on the domestic standard pipe market.”
As of late-last week,
US HRC spot market pricing had fallen to $25-$26 cwt. ($551-$573/mt or $500-$520/nt,) ex-Midwest mill; in late-August, before the slow-downward pricing slide began,
US HRC prices were heard at $30.50-$31.25 cwt. ($672-$689/mt or $610-$625/nt), ex-Midwest mill.