(by Rye Druzin, www.pipe-logix.com) The US line pipe market spent June reassessing its positions after another round of steel tariff changes roiled the market while demand remained unchanged. US line pipe prices were mostly flat at $2,573/short ton (st) in June, a 0.1% decrease from the prior month. President Donald Trump’s additional 25% steel tariffs from 4 June is still being digested by the market. The uncertainty created by the rapidly changing trade policy has caused some distributors to pause or slow price changes. Import prices rose by 0.3% to $2,265/st in June. Imported ERW and seamless rose by 0.2% and 0.4%, respectively. Domestic line pipe prices fell by 0.4% to $2,881/st, with ERW up by 0.6% to $2,040/st, and seamless down by 1% to $3,721/st. The Argus distributors sentiment rose by 11 points to a neutral reading of 51. Domestic line pipe shipments fell to 19,204st in May, down by more than 2,000st from April. The US benchmark oil price was up from the prior month to $65.11/bl on 30 June, while natural gas rose to $3.27/mn-Btu. US hot-rolled coil was flat at $882.50/st. The US rig count fell to 547 last week, down by 16 since late-May and the lowest since October 2021.
Argus Pipe Logix Line Pipe Report – June 2025
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