US line pipe prices stable, for now

Friday, 20 March 2020 21:16:13 (GMT+3)   |   San Diego
       

US domestic API X-52 line pipe prices are stable, week-over-week, at $47.50-$50.00 cwt. ($1,047-$1,102/mt or $950-$1,000/nt) ex-mill. Sources close to SteelOrbis say that concerns about crashing oil prices will soon place downward price pressure on the market. On Friday, news outlets reported that Brent crude futures had fallen to $28.24 per barrel, whereas US crude prices were trending at $24.16 per barrel.

Looking south of the border, API X-52 pipe offer prices from Mexico are also neutral week-over-week, at  $45.50-$47.50 cwt. ($1,003-$1,047/mt or $910-$950/nt) FOB Texas.


Most Recent Related Articles

US energy pipe climb prices on the heels of higher input costs

US HSS prices firm after mill price increase

US energy pipe prices

US energy pipe prices remain steady, but flexible

US HSS prices jump upward after last week’s increase