(by Rye Druzin, www.pipe-logix.com) Faced with moderate oversupply US distributors gave back line pipe value in December. The Argus line pipe index fell by $47/short ton (st) to $2,502/st for December, the lowest level since February 2025. The import line pipe index dropped by $51/st to $2,211/st. The domestic line pipe index declined by $44/st to $2,792/st. The Argus line pipe index fell by $47/short ton (st) to $2,502/st for December, the lowest level since February 2025. The import line pipe index dropped by $51/st to $2,211/st. The domestic line pipe index declined by $44/st to $2,792/st. Some distributors reported fire sales of pipe products at the end of the year. One distributor said some welded mills appear to have landed larger projects, which might push lead times out and pricing up in the first quarter. The NASPD distributor’s sentiment index rose by seven points to a moderately positive reading of 57. The price outlook jumped by 19 points to a positive reading of 69. The US benchmark oil price fell by 2.6pc from the prior month to $57.92/bl in December. Natural gas was $4.39/ mBtu, down slightly up from $4.47/mnBtu a month earlier. Active US drilling rigs totaled 546 for the week ending 30 I December, according to oil service company Baker Hughes, up by two from 26 November.
Argus Pipe Logix Line Pipe Report – January 2026
Pipe Exchange
16060 Dillard Drive, Suite 150, Jersey Village, TX 77040
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com