Fastmarkets’ price assessment for steel ERW line pipe (X52), fob mill US increased by $25 on the high end to $850-925 per short ton ($42.50-46.25 per hundredweight) on Tuesday October 27, up from $850-900 per short ton in September.
Fastmarkets’ price assessment for steel ERW line pipe (X52) import South Korean-made, cif Houston similarly rose by $20 on the high end to $750-850 per ton on Tuesday from $750-830 per ton last month.
“Pricing is screaming up, and lead times are pushing out into 2021,” one pipe distributor said. “[The lack of] coil availability is driving it; there’s no real pipe demand to speak of.”
Fastmarkets’ daily steel hot-rolled coil index, fob mill US was calculated at $33.89 per cwt ($677.80 per ton) on October 27, up by 12.9% from $30.02 per cwt one month ago and 41.4% higher than $24.01 per cwt a year ago.