September 2011 | Welded steel tube & pipe
Announced price hikes go beyond energy tubulars: Americas Market Analysis
OCTG producers are moving ahead with price increases but HSS and standard pipe producers will likely not see their hikes realized.
Given that American drilling activity, particularly for oil and natural gas liquids, but also for “dry” natural gas, has been steadily increasing for the past year and a half, it is not surprising that domestic OCTG prices have increased $75 to $100 a short ton on the back of a two tiered flat-rolled steel price hike. More surprising, however, has been the recent flurry of price hike announcements coming from makers of hollow structural sections, standard pipe and conduit at a time when there is much concern about the future direction of the US and global economies and when the construction sector continues to flounder. The charge was led by Wheatland Tube, which increased prices for Grade B ERW pipe and CW API A25 pipe $40 a short ton and hiked continuous weld pipe and sprinkler pipe by 4%. That move was quickly followed by Allied Tube & Conduit, which...
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