STEEL TUBE & PIPE: No peak in sight, Trivedi says

Tight supply, long lead times and high prices for steel pipe and tube likely will not end in 2021, Borusan Mannesmann Pipe US Inc supply chain director Dhaval Trivedi said during a presentation at Fastmarkets’ Steel Tube & Pipe 2021 conference.

The inflated cost of raw materials is being successfully passed on to customers, keeping prices high, Trivedi said during the virtual event on Tuesday May 11.  Compared with many other raw materials – lumber, for example, is up approximately 85% and aluminum 25% compared with last year – the gains in hot-rolled coil remain comparatively and unsustainably high, Trivedi said. Fastmarkets' steel hot-rolled coil index, fob mill US hit an all-time high of $76.51 per hundredweight...

Published

Abby Verret

May 11, 2021

22:15 GMT

Seattle