July 2011 | Welded steel tube & pipe
Welded feeling downward pressure from declining flat-roll prices: Americas Market Analysis
Despite efforts by mills to create a floor, hot-rolled coil prices continue to decline, falling from about $900 a short ton earlier this year to about $713 /ton.
While they had previously been seen as being fairly resilient – perhaps even more so than their seamless counterparts – domestic welded pipe and tube prices have been slipping in July. While this is especially true for such construction-related sectors as hollow structural sections and standard pipe, even OCTG and line pipe have seen downward pricing pressure due to the continued tumbling of hot-rolled coil prices. On the energy side, however, that hasn’t manifested itself so much as actual price declines, but more as an inability to take advantage of increases in demand. In particular, last month’s OCTG price hike announced by industry leader US Steel is yet to take hold.
Despite efforts by mills to create a floor, hot-rolled coil prices continue to decline, falling from about $900 a short ton earlier this year to about $713 /ton. MBR believes that hot-roll could decline further...
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