SteelOrbis has learned that US domestic line pipe is being quoted at $75.00-$77.50 cwt. ($1,653-$1,708/mt or $1,500-$1,550/nt), FOB mill, unchanged in the last week. Additionally, API-X52 line pipe from Mexico is being quoted approximately $67.50 cwt. ($1,488/mt or $1,350/nt), FOB Texas, also unchanged week-on-week.
However, imported material from Korea is now being heard at $58.50-$60.00 cwt. ($1,289-$1,323/mt or $1,170-$1,200/nt), DDP loaded truck in US Gulf coast ports, up $0.50 cwt. ($11/mt or $10/nt) on the high end of the range since last week.