As with the past two weeks, 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 some deals at $50 cwt. ($1,102/mt or $1,000/nt) are still being reported in the marketplace.
Market conditions largely mirror what’s been seen in recent weeks. Sources note that falling rig counts and less-than-stellar oil prices continue are still taking a toll on the energy pipe industry.