US import line pipe market maintains stability

Friday, 15 December 2017 22:15:49 (GMT+3)   |   San Diego
       

Pricing, order activity and inquiries within the US import line pipe market have remained stable week-over-week, with pricing for API X-52 ERW line pipe in the US domestic market from Korea still holding at $42.50-$43.50 cwt. ($937-$959/mt or $850-$870/nt), DDP loaded truck in US Gulf coast ports.

Pricing from Mexican mills continues to be “all over the map,” sources say, depending on the originating mill. As such, Mexican import line pipe offers are spanning between $50-$54 cwt. ($1102-$1191/mt or $1000-$1080/nt), FOB Houston.

Multiple SteelOrbis sources continue to report being “unusually busy,” adding that the year-end holiday break will be welcome.

Buyers also say they’re continuing to keep tabs on a key report within the Section 232 investigation, which is due in mid-January.  Earlier this week, SteelOrbis reported that remedy exclusions are being considered for several countries, including Mexico, Canada, Japan and South Korea.  “As far as steel pipe is concerned, this would be significant if those countries are excluded,” a source said.

Current import tonnages from the above stated countries are listed in the chart below:

Country

October line pipe imports (census data)

November line pipe imports (license data)

 

 

 

Mexico

17,597 mt

18,796 mt

Canada

11,421 mt

12,525 mt

Japan

1,170 mt

6,452 mt

South Korea

83,618 mt

42,707 mt

 


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