US tube, pipe prices rise on Section 232 quota outlook

Prices for mechanical tubing and standard pipe produced in the United States climbed in the domestic market after the government's Section 232 actions sparked fears among buyers that the arrival of some imported material would slow to a trickle in the second half of 2018.

Domestic electric-resistance welded (ERW) product prices also strengthened because the cost of hot-rolled coil substrate is at a more than seven-year high.  
"[It] looks like raw material costs are holding steady for the time being or until Section 232 is resolved and we know the direction of tariffs and quotas," one US mill source said. "The uncertainty of raw material costs will remain in the welded tube market... Shipments and backlogs from our customers remain steady."

American Metal Market's assessment for US domestic A513 welded mechanical tubing rose to $1,130-1,160 per ton ($56.50-58 per hundredweight) fob mill on Tuesday May 8 from $1,100-1,150 per...

Published

Dom Yanchunas

May 09, 2018

23:23 GMT

New York