Steel pipe, tube market driving for more gains
Apr 29, 2014 | 05:13 PM
| Thorsten Schier
NEW YORK Structural tubing and standard pipe prices east of the Rockies look poised to move higher following recent hikes, buoyed by flat-rolled sheet gains.
"The domestics had no choice (but to raise prices) because of the hot-rolled situation," one distributor in the South said of the supply chain challenges and planned outages that have driven hot-rolled coil prices higher.
The latest increase came from ExlTube Co., which on April 29 raised prices for A53 grade B standard pipe products by $50 per net ton effective with new orders after 5 p.m. Central Standard Time the same day.....
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