SteelOrbis sources have confirmed that import API X-42 electric resistance welded (ERW) line pipe offers from Korea to the US have declined markedly since our last report a week ago. Offers have dropped by $40/mt and are now being seen in the range of $870-$880/mt CFR FO in US Gulf ports.
Import API X-42 electric resistance welded (ERW) line pipe offers from Turkey, however, remain unchanged at $950-$960/mt CFR FO in US Gulf ports.