US standard pipe, mechanical tubing prices dip in July

While prices for domestic and import standard pipe and for mechanical tubing products all moved lower in the United States in July, market participants expressed different views on how the Covid-19 pandemic has affected and will affect their business this summer.

“A couple of months ago we were able to get orders based on customers thinking that the pandemic would subside by the time the material came in September or October,” one trader said. “Now everyone that we talk to is taking it slow and not wanting to take on commitments for material.” Fastmarkets’ price assessments for steel electric-resistance welded (ERW) standard pipe A53 Grade B, fob mill US and for steel ERW standard pipe A53 Grade A, fob mill US both dropped by $10 on Tuesday July 14, falling to $870-920 per ton and $850-900 per ton respectively from $880-930 per ton and $860-910 per ton in June. “I'm sure the master distributors are doing great business through all this, but for those who mostly focus on the small and mid-tier customers, it's pretty unhappy,” the trader continued....

Published

Elizabeth Ramanand

July 15, 2020

20:24 GMT

New York