(by Kurt Minnich, www.pipe-logix.com) Line pipe prices increased nearly 6% in March with strong gains in ERW pricing. Domestic ERW prices were up 8.7% and Import ERW prices were up 7.6%. This marks the 6th month of price increases and a cumulative increase in the Pipe Logix Index of 32% since September. Distributor’s sentiment remains bullish as the NASPD Index scored 75 in March. A majority of the distributor’s experienced an increase in order volumes last month and 90% of them expect prices to continue to increase in the near-term. Reported volumes of line pipe shipments recovered in February from the January dip, but at 51,000 tons/month, it was still below the trailing average. License data suggests import volumes will be higher again in March. The rig count continues to make small gains each month with oil price averaging $63/bbl in March. Driving ERW pipe price gain is surging HRC cost, which is up 120% compared to October 2020. The details are in the report.
Pipe Logix Line Pipe Report – March 2021
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com