Sources close to SteelOrbis continue report having a “very good year” in terms of line pipe sales, adding that their optimism could carry into the fourth quarter.
“Oil prices are in the high 40s and if they can stay there, I think [market activity] will remain stable, which is a huge improvement from where things were for the past few years.”
Another source, who last week reported he was “busier than ever” said he’s still receiving a high volume of order inquiries.
In terms of current pricing from Mexico, that has remained stable week-over-week. Current prices for US import API-X52 ERW line pipe from Mexico in the US domestic market are still trending at $45.50-$46.50 cwt. ($1003-$1025/mt or $910-$930/nt), FOB Houston.
Another source, however, said he’s received bids for US import API-X52 ERW line pipe from Mexico “up to $5.00 cwt. ($111/mt or $100/nt) higher.”