US line pipe prices stable, but market remains soft

Friday, 21 June 2019 22:06:37 (GMT+3)   |   San Diego
       

Little, if anything has changed within the US domestic API X-52-line pipe market since our last report a week ago.

Activity is light, buyers are reluctant to make stock purchases due to downtrending prices within the domestic steel market, and there’s concern that additional price softening may take place in the upcoming weeks, should US scrap prices tick downward again in July.

Current prices, sources note, are holding between $56-$59 cwt. ($1,235-$1,301/mt or $1,120-$1,180/nt), ex-mill, although as in previous weeks, deals below this range were readily available to volume buyers.

 


Most Recent Related Articles

US energy pipe market: Lots of tire-kicking, not a lot of orders

US energy pipe prices still flexible in advance of July 4 holiday

US HSS prices trend stable

US energy pipe market is still a “mess”

US energy pipe market still vulnerable to dismal oil trends