(by Rye Druzin, www.pipe-logix.com) Higher raw material input costs increased US welded line pipe prices in March and took the overall market up. The Argus line pipe index rose by $28/short ton (st) to $2,513/st for March. The Argus import index rose by $33/st to $2,246/st, while the domestic line pipe index was up by $23/st to $2,779/st. The price outlook distributors index jumped by 19 points to a nearly unanimous positive reading of 96. Distributors said higher US hot-rolled coil (HRC) prices, up by $111/st since the beginning of the year, pressured domestic welded pipe prices higher. Tight mill supply has been a primary factor behind HRC increases. The NASPD distributor’s sentiment index jumped by 10 points to a positive reading of 73, just shy of the 74 posted in March 2025 after the re-election of President Donald Trump. The US benchmark oil price rocketed upward by 41pc to $91/bl in March from the prior month, driven primarily by the US/Israel-Iran war. Natural gas was $3.04/mnBtu, down slightly from $3.13/mnBtu a month earlier. Active US drilling rigs totaled 543 for the week ending 27 March, down by seven from the week ending 27 February, according to oil service company Baker Hughes.
Argus Pipe Logix Line Pipe Report – March 2026
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