Pipe Logix Line Pipe Report – July 2021

Pipe Logix Line Pipe Report – July 2021

(by Kurt Minnich, www.pipe-logix.com) Line pipe prices are up 10.4% in July with domestic prices up 11.5% and import prices up 9%.  This is the 10th consecutive month of price gains with 8 of those months bringing price gains of 5% or more.  The cumulative price increase since September 2020 totals 80%, propelled by gains in ERW prices; domestic ERW is up 140% and import ERW is up 120%.  Distributor’s sentiment remains bullish with the NASPD Index score of 77 in July, down slightly from the June score due to a significant decline in n ew orders.  Oil and natural gas prices are higher in July as is HRC, which is now 3 times the level it was at the start of 2020.  Import volumes have been mostly steady since February. The details are in the report.

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