Current situation:  

• 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.