US domestic flat rolled steel mills have announced a flurry of price increases since late-October, which, in turn, have continued to help firm spot market prices for downstream products, including
US domestic Grade A ERW BPW standard pipe.
At current, the most commonly reported spot price transaction range for
US domestic Grade A ERW BPE standard pipe has firmed by approximately $1.00 cwt. ($22/mt or $20/nt) since our last report two weeks ago, which brings the new, current average spot market price range to $42-$44 ($926-$970/mt or $840-$880/nt), ex-Midwest mill.
Sources close to SteelOrbis say that market players think flats mills may try to push for a fifth price increase in December. If
US hot rolled coil prices continue to climb, they say, it would be expected that
US domestic Grade A ERW BPE standard prices will continue to firm as well.