NEW YORK Line pipe prices were up slightly in July, hitting a year-to-date high, but couldnt match the sharp gains seen in oil country tubular goods (OCTG) tags during the month following a recent trade case decision (amm.com, July 31).
Average domestic distributor selling prices rose 0.2 percent to $1,987 per short ton in July from $1,983 the previous month, while imports climbed 0.5 percent to $1,288 per ton, according to data from Tulsa, Okla.-based Pipe Logix LLC.
Average prices for domestic seamless line pipe rose 0.3 percent to $2,623 per ton vs. June, with welded product flat at $1,350 per ton.
No individual items tracked by Pipe Logix notched price changes that exceeded 1 percent month on month, but modest gains on most products were still enough to send prices to 2014 highs, according to Pipe Logix data compiled by AMM.
"Market sentiment, as measured in the National Association of Pipe Distributors index, remain(ed) at 67 in July, with only minor changes within the mix of the index. This is the fourth consecutive month of index readings over 50, indicating an expanding domestic market," Pipe Logix manager Kurt Minnich said in a statement.