Pricing, order activity and inquiries within the US import line pipe markets have been especially quiet during the current week due to the Thanksgiving holiday.
As such, prices for US import API X-52 ERW line pipe from Korea in the US continue to be heard at $42.50-$43.50 cwt. ($937-$959/mt or $850-$870/nt), DDP loaded truck in US Gulf coast ports, while the most commonly heard price range for US import API-X52 ERW line pipe from Mexico continues to hold in the approximate range of $46.50-$47.50 cwt. ($1025-$1047/mt or $930-$950/nt), FOB Houston.
Sources close to SteelOrbis have indicated that on-the-ground pricing at service and distribution centers has become increasingly flexible due to a desire to reduce inventories to avoid paying the year-end-inventory taxes.