Activity within the US import line pipe may have been robust during the last quarter of this year, but market sources say that the next two weeks are expected to trend light, as many within the industry have taken time off for the holidays.
As such, prices for API X-52 ERW line pipe in the US domestic market from Korea are still holding at $42.50-$43.50 cwt. ($937-$959/mt or $850-$870/nt), DDP loaded truck in US Gulf coast ports, while pricing from Mexican mills are spanning between $50-$54 cwt. ($1102-$1191/mt or $1000-$1080/nt), FOB Houston.
Korean pricing is up significantly, year-over-year; in late December 2016, SteelOrbis reported that most commonly heard pricing for API-X42 ERW line pipe pricing in the US domestic market from Korea was trending at $34-$35 cwt. ($750-$772/mt or $680-$700/nt), DDP loaded truck in US Gulf coast ports.