US pipe, mechanical tube prices rise on mill increases

Prices for domestic and imported standard pipe and mechanical tubing continued to climb in the United States this month due to more mill increases, rising substrate costs and shrinking coil supply, sources told Fastmarkets.

“If anybody didn’t think these increases were real before, they definitely do now,” one pipe producer said. “The pace just keeps accelerating.” Fastmarkets’ price assessment for steel electric-resistance welded (ERW) standard pipe A53 Grade B, fob mill US jumped to $980-1,030 per short ton on Tuesday December 8; that price is up by $70 from $910-960 per ton last month and the assessment’s highest since mid-May 2019, when it stood at $1,040-1,060 per ton. The assessment for steel ERW standard pipe A53 Grade A, fob mill US increased to $950-1,000 per ton on Tuesday, up by $70 from $880-930 per...

Published

Elizabeth Ramanand

December 09, 2020

19:39 GMT

New York