Sources close to SteelOrbis have confirmed that spot market pricing for US domestic and import API X-52 line pipe are consistent with conditions seen a week ago. Domestic prices are being heard in the range of $50.00-$52.50 cwt. ($1,102-$1,157/mt or $1,000-$1,050/nt), ex-mill, while in some cases, import X-52 from Korea is being sold at $45.00-$48.00 cwt. ($992-$1,058/mt or $900-$960/nt) ex-warehouse.
Sources have also confirmed that a number of distributors have been selling inventory at price points below replacement cost, as a means of generating cash flow.