- NYMEX domestic hot-rolled coil steel prices were $591 per ton for October futures ($504 per ton in the last update).
- Producer prices for steel pipe and tube were up 1.2% month-over-month in August (up 0.2% last month). Year-over-year, prices are 5.6% lower (6.5% lower Y/Y last month).
Key factors that could affect supply or price:
- Steel pipe pricing has tumbled once again as inventories are relatively strong and demand remains low. As construction rebounds look for slight uptick in prices as we roll towards Q4.
Report Abusive Comment