SteelOrbis

US standard pipe prices show signs of leveling

Wednesday, 08 February 2017 23:16:26 (GMT+3)   -   San Diego

The most commonly heard spot price transaction range for US domestic Grade A ERW BPE standard pipe prices have leveled. Two weeks ago, SteelOrbis reported that January spot prices had firmed by $3.00 cwt. ($66/mt or $60/nt) on the low end of the range, and by $2.50 cwt. ($55/mt or $50/nt) on the top end of the range, which brought prices to $46.50-$47.50 ($1025-$1047/mt or $930-$950/nt), ex-Midwest mill.

Current spot market prices continue to trend in that range. 

Standard pipe prices had previously firmed due to upticks in mills’ input costs, due to firmed scrap and HRC prices in January, but now that US HRC prices have stabilized, and US scrap prices are no longer on an uptrend (yesterday, SteelOrbis reported that domestic scrap prices on the East coast and Pennsylvania regions softened during this month’s buy-cycle), it’s believed this will help lend stability to US standard pipe prices as well.


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