US line pipe prices rise; OCTG unchanged

Prices for certain electric-resistance welded (ERW) line pipe increased due to rising hot-rolled coil prices, while oil country tubular goods (OCTG) prices were steady in the United States, sources told Fastmarkets.

Fastmarkets’ assessment for steel ERW line pipe (X52), fob mill US increased to $900-950 per short ton ($45-47.50 per hundredweight) on Tuesday November 24, up from $850-925 per short ton in October. This is the first time the price has reached $950 per ton since May 22, when the range was $850-950 per ton. “This [increase] is all due to coil pricing. There’s no new demand, but other industries are taking the steel...

Published

Elizabeth Ramanand

November 25, 2020

22:58 GMT

New York