Spot market prices for US domestic stock API-X52 line pipe have started to rise, with new offers heard in the range of $42.50-$43.25 cwt. ($937-$954/mt or $850-$865/nt) ex-mill, reflecting an increase of $1.00 cwt. ($22/mt or $20/nt) on the low end and $0.75 cwt. ($17/mt or $15/nt) on the high end of last week’s range. However, import offers for line pipe from Mexico have moved down in the last week, to $41.00-$43.00 cwt. ($904-$948/mt or $820-$860/nt) FOB Texas.
As for J55 ERW OCTG casing prices, US domestic offers are unchanged week-on-week in the range of $43.00-$45.00 cwt. ($948-$992/mt or $860-$900/nt), ex-mill, while Korean material is still being offered at $44.00-$45.00 cwt. ($970-$992/mt or $880-$900/nt), DDP loaded truck in US Gulf ports.