SteelOrbis

US domestic standard pipe prices maintain firming trend

Wednesday, 25 January 2017 23:16:13 (GMT+3)   -   San Diego

The most commonly heard spot price transaction range for US domestic Grade A ERW BPE standard pipe has firmed by approximately $3.00 cwt. ($66/mt or $60/nt) on the low end, and by $2.50 cwt. ($55/mt or $50/nt) on the top end since our last report two weeks ago. This brings the current average transaction range to $46.50-$47.50 ($1025-$1047/mt or $930-$950/nt), ex-Midwest mill.

The upticks come on the heels of upticks in US domestic hot rolled coil (HRC) and scrap prices, which firmed throughout the US during the January buy-cycle. 

Buyers and sellers of all steel products throughout the US continue to cite increased market optimism within the domestic steel industry now that President Donald Trump has been sworn into office.  Today, the, US stock market [Dow Jones industrial average] rose above 20,000 for the first time in history. The Dow has climbed more than 1,600 points since the November election.


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