US standard pipe, mechanical tube prices hit record highs

Prices for domestic and imported standard pipe and mechanical tubing in the United States hit record highs across the board this month, mostly due to rising substrate costs, sources told Fastmarkets.

Fastmarkets’ price assessment for steel electric-resistance welded (ERW) standard pipe A53 Grade B, fob mill US jumped to $1,530-1,580 per short ton on Tuesday February 9, up by 26.94% from $1,200-1,250 per ton last month. That marks the highest level ever recorded by Fastmarkets, surpassing a previous high of $1,250-1,300 per ton seen in August 2018, according to pricing archives that date back to June 2010. The assessment for steel ERW standard pipe A53 Grade A, fob mill US increased to $1,425-1,500 per ton on Tuesday, jumping by 27.17% from $1,125-1,175 per ton previously and its highest since Fastmarkets began assessing this price in November 2008. And prices are still trending up, according to two producers. “We are quoting anywhere from $100-300 per ton higher in future months, due to limited supply of coil and to protect against further price rises on...

Published

Grace Lavigne Asenov

February 11, 2021

18:32 GMT

New York