The most commonly heard spot price transaction range for
US domestic Grade A ERW BPE standard pipe has remained lateral since our last report two weeks ago, with customers reporting prices spanning from $47-$49 cwt. ($1036-$1080/mt or $940-$980/nt), ex-mill.
Although some believed that prices would have crept up from early-March levels, others note that the recent price increase for
US hot rolled coil (HRC) is just starting to take hold. Should
US HRC prices continue to move upward, it’s believed that
US domestic standard pipe prices will follow.
In terms of imports, sources close to SteelOrbis have reported that prices for Grade A ERW BPE standard pipe in the
US domestic market from Korea are being heard at approximately $42-$43 cwt. ($926-$948/mt or $840-$860/nt), DDP loaded truck in
US Gulf coast ports.