US standard pipe prices “still inflated,” additional downward adjustments expected

Sources have confirmed that spot market prices for US domestic A53 Grade A standard pipe are unchanged in the past 2 weeks and continue to hold at $80-$81 cwt. ($1,764-$1,786/mt or $1,600-$1,620/nt) FOB mill. Sources have also said they believe that pipe prices are still “a bit too high” and that further price reductions are likely to come in the not-too-distant future.