US line pipe, OCTG prices keep climbing

Prices for certain electric-resistance welded (ERW) line pipe and oil country tubular goods (OCTG) in the United States rose again in January on record-high hot-rolled coil costs and despite subdued demand, according to market participants.

Fastmarkets’ assessment for steel ERW line pipe (X52), fob mill US was at $1,400-1,450 per short ton ($70.00-72.50 per hundredweight) on Tuesday January 26, up 18.8% from $1,175-1,225 per ton in December and the highest level recorded by Fastmarkets since it began assessing this market in 2016. Import prices for X52 products also rose in line with the domestic market, with some sources noting recent quotes from Taiwan in particular. Imports from Korea have been priced lower than imports from other nations due to its Section 232 tariffs exclusion under the quota system. “We hear [imports] are...

Published

Grace Lavigne Asenov

January 27, 2021

22:48 GMT

New York