The latest data from the US Department of Commerce, Enforcement and Compliance indicates that for the month of August (as of Aug. 30), the US imported 108,069 mt (license data) of line pipe from global sources; this reflects a more than 50 percent drop from August 2015, when the US imported 142,619 mt.
“There’s still some stuff going on but we’re hardly flooded with orders,” one source said.
In terms of current offshore offer prices, API X-42 line pipe offers from Korean steelmakers continue to be heard in the approximate range of $26.50-$27.50 cwt. ($584-$606/mt or $530-$550/nt), DDP loaded truck in US Gulf coast ports.
US Domestic pricing has also remained lateral, and is still holding in the approximate range of $40.00-$42.00 cwt. ($882-$926/mt or $800-$840/nt), ex-Midwest mill.