Steel pipe prices fizzle in face of slack demand

Jan 29, 2013 | 03:47 PM | Thorsten Schier

Tags  tube, pipe, hollow structural sections, HSS, flat-rolled coil, drill rig count, Thorsten Schier

NEW YORK — Tube and pipe prices have either stayed flat or declined on what sources call surprisingly slack demand early in the year.

"Our phone has not had one call this morning," a source at a West Coast distributor said. "It’s just really slow."

Even sources who have reported seeing a slight uptick in demand said that it was less than they had hoped.

"It’s slightly better than at the end of last year—which it had to be, because the end of last year was horrific," a source at a Mid-Atlantic distributor said. ....

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