US domestic scrap prices have settled down by approximately $50/mt for the month of October, and many wonder if price softening for raw materials will impact the
US domestic A-53 ERW BPE Grade A standard pipe market. Current spot prices have held at approximately $42.50-$43.50 cwt. ($937-$959/mt or $850-$870/nt), ex-Midwest mill, although sources close to SteelOrbis report that deals have been available to buyers who have an interest in booking larger-sized orders.
In terms of imports, while futures prices from Vietnamese and Turkish producers has also remained sideways at approximately $29.00-$30.00 cwt. ($639-$662/mt or $580-$600/nt), DDP loaded truck in
US Gulf coast ports, although trader sources have confirmed that offshore mills are willing to negotiate on price due to sluggish order activity and lackluster interest in booking futures.