US standard pipe buyers in a waiting game

Thursday, 24 May 2012 10:38:00 (GMT+3)   |  

Expectedly, with US domestic flat rolled spot prices continuously softening over the last couple weeks, pipe mills have had no choice but to drop prices in response. Since last week, A-53 electric resistance welded (ERW) black plain end (BPE) Grade A standard pipe spot prices have fallen to $47.00-$49.00 cwt. ($1,036-$1,080/mt or $940-$980/nt) ex-mill, down $1.00 cwt. ($22/mt or $20/nt) on the low end. However, SteelOrbis has heard larger orders being concluded for lower prices. For now, such deals have not yet become widespread, but with sluggish pipe demand, continued price softening could be inevitable if the flats market remains weak.

As for imports, the increase from Korean mills in early May only further slowed US buyer interest in placing an offshore order that wouldn't arrive until late Q3. Korean A-53 ERW BPE Grade A standard pipe prices in the US are unchanged since last week at $44.00-$45.00 cwt. ($970-$992/mt or $880-$900/nt) DDP loaded truck in US Gulf ports, and therefore too close to US domestic spot prices to be worth the risk for many US buyers.

Marketplace Offers

ERW Longitudinal Galvanized Flat Pipe

External Diamater 21.7 - 139.7 mm
Wall Thickness 12.7 - 127 mm
 
Tedarikçi CONARES METAL SUPPLY
View Offer

ERW Longitudinal Black Pipe

External Diamater 21.3 - 139.7 mm
Wall Thickness 12.7 - 127 mm
 
Tedarikçi CONARES METAL SUPPLY
View Offer

ERW Longitudinal Black Pipe

External Diamater 21.3 - 114.3 mm
Wall Thickness 1.2 - 6 mm
 
Tedarikçi INCOSTEEL
View Offer

Similar articles

US OCTG spot prices on a neutral trend

OCTG imports continue to pressure US domestic market

Stability in US standard pipe market comes to an end

US buyers wary of booking OCTG imports

US line pipe market remains cloudy

US import and domestic line pipe prices drop

US import OCTG prices take a dive

US domestic line pipe mills display aggressiveness on project orders

Softening US flats market pushes down standard pipe prices

US import OCTG activity stagnant after early May price increase