US electric-resistance-welded pipe prices drop after coil, demand slip

Prices for mechanical tubing and standard pipe declined in the United States, with substrate-driven weakness in domestic prices prompting importers to lower their offers too.

Fastmarkets' monthly price assessment for steel welded mechanical tubing ASTM A513, fob mill US fell to $900-940 per short ton ($45-47 per hundredweight) on Tuesday September 10 from $920-960 per ton on August 13. Electric-resistance-welded (ERW) mill and distribution sources agreed that the price for the Fastmarkets AMM mechanical specification maintains its usual $40-per-ton adder above the A500 hollow structural sections price - but maybe not for much longer. The manufacturing sector in the US is contracting, and there may be too much domestic capacity and fierce competition in the mechanical sizes to merit the adder, according to one mill source.  "The...

Published

Dom Yanchunas

September 11, 2019

21:54 GMT

New York