“I have no reason to shop for pipe right now, I have no reason to be current on pricing,” one distributor said. “I don’t even know what a real price is anymore.”
Fastmarkets’ assessment for steel ERW line pipe (X52), fob mill US fell by $30 on the low end to $850-950 per short ton ($42.50-47.50 per hundredweight) on Tuesday April 28, widening lower from $880-950 per ton in March.
On the imports side, the prices for steel ERW line pipe (X52) import South Korean-made, cif Houston and steel ERW line pipe (X52) import non-South Korean-made, cif Houston also declined on the low end to $750-850 per ton ($37.50-42.50 per cwt) and $720-800 per ton ($36-40 per cwt) respectively.
“If you’re lucky enough to have...