US line pipe market levels after recent drops

Friday, 19 July 2019 00:14:34 (GMT+3)   |   San Diego
       

US domestic line pipe prices had been on a downward trajectory, but this week, prices seem to have leveled. Whether current prices will remain stable, or revise further, is not yet known.

As with last week, the price range for domestic API X52 line pipe continues to hold at $52-$53 cwt. ($1,146-$1,168/mt or $1,040-$1,060/nt), ex-mill, although deals at $50 cwt. ($1,102/mt or $1,000/nt) have been reported.

Sources close to SteelOrbis have indicated that the overall state of the market is consistent with what’s been reported in previous weeks, adding that current sentiment is “more pessimistic than not.”

 


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