The most commonly reported spot price transaction range for
US domestic Grade A ERW BPE standard pipe continues to hold at approximately at approximately $45.00 cwt. ($992/mt or $900/nt), ex-Midwest mill, for small-sized buyers, but sources close to SteelOrbis are indicating that big-to-large sized buyers are “not having any problems getting deals below that range, based on what it is they’re wanting to book with the mill.”
Some attribute the somewhat-soft standard pipe price trend to steady, but less-than-exciting market activity; others believe the current softness that’s being seen in
US domestic hot rolled coil prices is a contributing factor.
“Everyone is just riding this out and waiting to see what, if any shake-ups the market will have in store in the upcoming weeks,” one source said.