(by Kurt Minnich, www.pipe-logix.com) Line pipe prices were down 0.8% in February with nearly all the items tracked by Pipe Logix posting a decline. This marks the seventh month of declines with a cumulative drop of 7% since July 2018. Sentiment continues to indicate a contracting market condition with an NASPD Index score of 41 for February, down from 43 the previous month and 74 a year ago. Import license data indicates January import volumes jumped to nearly 290,000 tons. The rig count has eased 3% over the past couple of months, causing the ratio of shipments per rig to climb dramatically
Pipe Logix Line Pipe Report – February 2019
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com