US pipe, mechanical tube markets ‘leveling off’

For the first time in more than a year, pricing direction for the standard pipe and mechanical tube markets in the United States appears to have hit a wall, sources told Fastmarkets.

“On the A53 side of things, they are for sure leveling off,” an eastern producer source said. “I would say that A53 Grade B domestic prices aren’t moving up anymore. We haven’t seen a lot of price bleeding yet, but distributors are taking a pretty cautious, wait-and-see approach and only buying what their immediate needs are.” Fastmarkets assessed the price for steel electric-resistance welded (ERW) standard pipe A53 Grade B, fob mill US at $2,400-2,450 per short ton ($120.00-122.50 per hundredweight) on Tuesday October 26, down by 2.02% from $2,450-2,500 per ton on September 28. The slight downward correction for A53 Grade B snaps a streak of 13 consecutive months of ERW standard pipe price increases, retreating...

Published

Mark Burgess

October 27, 2021

17:28 GMT

Knoxville, Tennessee