Pricing and overall activity within the US domestic J55 ERW OCTG market are stable week-over-week, at $60.00-$62.50 cwt. ($1,322-$1,378/mt or $1,200-$1,250/nt), ex-mill, although sources close to SteelOrbis believe that recent upticks in HRC and scrap pricing could soon push prices higher.
Offers from Mexican mills, sources note, are “nearly identical” to domestic prices due to the Section 232 tariff. Order activity from Mexican pipe producers remains robust.