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.

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