“Domestic availability is pretty good, but a lot of pipe producers are still waiting on steel deliveries from the [hot-rolled coil] mills, which is causing some minor delays,” an eastern producer source said. “It has stayed busy and not slowed down any.”
Fastmarkets assessed the price for steel ERW standard pipe A53 Grade B, fob mill US at $2,400-2,450 per short ton ($120-122.50 per hundredweight) on Tuesday August 31, up by 8.99% from $2,200-2,250 per ton on July 13.
This is the 12th consecutive month of ERW standard pipe price increases and the seventh month in a row that prices have hit record highs.
“Construction is still fairly robust, and the markets are still doing well,” the producer source said. “Distributors are not loading up on orders. They’re basically ordering to cover their usage, so it has become more of a month-to-month thing. That’s kind of the new norm with HRC so...