US OCTG, line pipe prices up; market sentiment mixed

Prices for oil country tubular goods (OCTG) and line pipe in the United States increased in January, although sentiment remains mixed due to uncertainty about demand and about the impact of recent increases on hot-rolled coil prices.

Fastmarkets' price assessment steel ERW line pipe (X52), fob mill US increased to $920-980 per short ton ($46-49 per hundredweight) on Tuesday January 28, up by 2.2% from $900-960 per ton in December. On the imports side, the price for steel ERW line pipe (X52) import South Korean-made, cif Houston also ticked up to a new range of $820-850 per ton ($41-42.50 per cwt) on Tuesday, up by 3.7% from $760-850 per ton in the previous assessment. The price for steel ERW line pipe (X52) import non-South Korean-made, cif Houston rose to $790-800 per ton, up by 2.9% from $750-795 per ton one month earlier. “Right now it’s still hard to get orders. Mills have enough price increases, and they’ll evaluate the hot-rolled coil costs and then they will evaluate who are...

Published

Elizabeth Ramanand

January 29, 2020

23:22 GMT

New York