U.S. line pipe prices declined again in August, marking the 25th consecutive month of declines, according to industry analyst Pipe Logix.
Average US line pipe prices fell by -0.7% in August to $1,346/short, with domestic prices falling -0.6% to $1,493/st and import prices falling -0.7% to $1,200/st.
Just this year, average line pipe prices have fallen -13%, Kallanish learns from Pipe Logix.
“All items tracked by Pipe Logix priced lower in August except large diameter seamless, which increased 1.3% for domestic items and 0.3% for import items,” the company says. “Reported volumes are expected to have been significantly lower in July with imports around 56,000 st compared to a trailing average of 88,000 st per month. Oil and gas prices improved slightly in August and the rig count declines have slowed.”
This post appeared first on Kallanish Energy News.