US pipe, mechanical tube prices hit new records

Prices for domestic and imported standard pipe and mechanical tubing in the United States continued to hit historic highs in April, marching up in line with climbing substrate costs.

Fastmarkets’ price assessment for steel electric-resistance welded (ERW) standard pipe A53 Grade B, fob mill US jumped to $1,620-1,670 per short ton ($81.00-83.50 per hundredweight) on Tuesday April 13, up by 2.49% from $1,580-1,630 per ton last month. This is the third consecutive month prices have hit record highs, according to pricing archives that date to June 2010. The assessment for steel ERW standard pipe A53 Grade A, fob mill US increased to $1,500-1,550 per ton ($75.00-77.50 per cwt) on Tuesday, up by 2.52% from $1,450-1,525 per ton previously. This price has also reached record highs – since Fastmarkets began assessing this price in November 2008 – for three months in a row. Most in the business remember the glory days of high commodity...

Published

Mark Burgess

April 14, 2021

21:40 GMT

Knoxville, Tennessee