US mechanical tubing, standard pipe prices slip before mill increase impact

Prices for mechanical tubing and standard pipe in the United States declined in the run-up to a series of price-increase announcements in late June.

Last month, prices for electric-resistance-welded (ERW) products were driven downward by the accelerating decline in substrate costs and distributors' lack of willingness to stock up until price indicators stabilized. Domestic mill price hikes announced for steel tube, pipe and sheet products during the last week of June have stemmed the declines for now and producer order books are improving, according to market participants.  "This week is very busy," a US tube mill source said. "We're seeing a pivot. People are taking the price increases seriously." Fastmarkets AMM's pricing assessment for US domestic A513 mechanical tubing dropped to $900-940 per short ton ($45-47 per hundredweight) fob mill on Tuesday July 9, down from $930-970 per ton...

Published

Dom Yanchunas

July 10, 2019

23:28 GMT

New York