(by Rye Druzin, www.pipe-logix.com) Us line pipe prices slipped this month as domestic declines outpaced import gains. The Argus line pipe index declined by $7/short ton (st) to $2,541/st for October, the second consecutive decline. The import line pipe index rose by $12/st to $2,250/st, with most increases coming from higher welded pipe prices. The domestic line pipe index dropped by $27/st to $2,831/st, with seamless price drops moving pricing down as distributors get more aggressive on pricing and work to lower their year end inventories. The Argus distributor’s sentiment index rose by six points to a more neutral reading of 51, the highest since June. The price outlook jumped by 14 points to a more neutral negative reading of 42, the highest since July. The US benchmark oil price was down by 5.4% to $60.07/bl in October from a month earlier. Natural gas was $3.35/mnBtu, up from $3.01/mnBtu a month earlier. The US rig count fell to 546 for the week ending 31 October, down by 3 from the end of September.
Argus Pipe Logix Line Pipe Report – October2025
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