(by Rye Druzin, www.pipe-logix.com) US line pipe prices fell by 1% in April, marking slower declines compared to the prior month. Domestic prices rose slightly by 0.1% and import prices dropped by 2.5%. This is the 23rd consecutive month of overall price decreases, and the first time since December that domestic prices increased. The domestic all sizes ERW average price fell by 0.4% to $1,851/short ton (st), pushed down by declines in small diameter pipe. The all sizes seamless average price rose by 0.4% to $3,617/st, with higher large diameter pipe prices driving the increase. The import all sizes ERW average price edged up by 0.1% to $1,480/st, with small and large diameter pipe increase helping to offset medium diameter price declines, while all imported seamless pipe products fell, dropping the all sizes seamless average price by 3.9% to 52,624/st. Distributor’s sentiment was flat at a positive reading of 52, while price outlook was flat at a negative reading of 46. Oil prices rose by 5pc in March compared to the prior month, while natural gas prices fell by 2.8%. Hot-rolled coil (HRC) prices dropped by 7.7% sequentially in March. The average North American drilling rig count for March rose by three to 625 compared to the prior month.
Argus Pipe Logix Line Pipe Report – April 2024
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com