(by Rye Druzin, www.pipe-logix.com) Line pipe prices declined by 1.6% in September, with domestic prices down by 1.2% and import prices down by 2%. This is the 16th consecutive month of prices decreases, but the rate of decline slowed compared to August. The domestic all sizes ERW average price fell by 2.8% to $1,937 short ton, while the all sizes seamless average price was down by 0.4% to $3,988/ton. The import all sizes ERW average price fell by 1.3% to $1,572/ton, while the all sizes seamless average price was down by 2.4% to $3,059/ton. Distributor’s sentiment rose again in September. The NASPD Index climbed by 5 points to 43. Pricing expectations, as a component of sentiment, jumped by 12 points to 33, the highest since April, while inventory size rose by five points to 41, indicating slower falling distributor inventories.
Argus Pipe Logix Line Pipe Report – September 2023
14025 West Road
Houston, TX 77041