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...
