US import line pipe tonnages fall year-on-year

Friday, 09 December 2016 22:07:36 (GMT+3)   |   San Diego
       

According to Dec. 6 data from the US Department of Commerce, for the month of October, the US imported 89,091 mt (census data) of line pipe from global sources.  In contrast, the US imported 113,274 mt of line pipe to US ports in October 2015.
 
In October 2016, the most significant source of US import line pipe was Korea, at 44,769 mt (census data); the second most significant offshore source of US import line pipe during that same reporting period was Greece, at 11,558 mt (census data).
 
In terms of import offer pricing, that has firmed by $1.00 cwt. ($22/mt or $20/nt) on the top end since our last report a week ago.  Current import API-X42 ERW line pipe pricing in the US domestic market from Korea is now being heard at $30-$32 cwt. ($661-$705/mt or $600-$640/nt), DDP loaded truck in US Gulf coast ports.  Deals toward the lower end of that range, sources say “are disappearing fast.”


Similar articles

US OCTG exports up 26.8 percent in January

27 Mar | Steel News

India’s VSTL setting up greenfield steel pipe making unit in Odisha

27 Mar | Steel News

Japanese crude steel output down 3.8 percent in February from January

27 Mar | Steel News

India’s Welspun secures $62 million steel pipe supply contract in Saudi Arabia

26 Mar | Steel News

Some EU flat steel import quotas about to be exhausted near end of period

26 Mar | Steel News

Canada initiates review on line pipe from S. Korea

25 Mar | Steel News

India’s Welspun and Saudi Arabia’s Aramco terminate steel pipe supply contract

25 Mar | Steel News

US and Canadian rig counts both decline week-on-week

22 Mar | Steel News

US structural pipe and tube exports down 41.7 percent in January

22 Mar | Steel News

Tata Steel Nederland plans to close precision tube operations

22 Mar | Steel News