Iron Or Steel Pipe And Tube Prices in the United States

U.S. Iron Or Steel Pipe And Tube Import Price per Ton in June 2022

In June 2022, the iron or steel pipe and tube price per ton stood at $1.9K (CIF, US), almost unchanged from the previous month. Over the last five months, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in April 2022 when the average import price increased by 6.4% against the previous month. As a result, import price reached the peak level of $2.0K per ton. From May 2022 to June 2022, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($3.2K per ton), while the price for Saudi Arabia ($1.2K per ton) was amongst the lowest.

From January 2022 to June 2022, the most notable rate of growth in terms of prices was attained by Russia (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

U.S. Iron Or Steel Pipe And Tube Import Prices by Type

Average prices varied somewhat amongst the major supplied products. In June 2022, the highest price was recorded for prices from tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel ($2.1K per ton) and tubes, pipes and hollow profiles (eg open seam or welded, riveted or similarly closed), of iron or steel ($1.9K per ton), while the price for tubes, pipes and hollow profiles, of cast iron ($1.5K per ton) and tubes and pipes (eg welded, riveted or similarly closed), internal and external circular cross-sections, external diameter of which exceeds 406.4mm, of iron or steel ($1.6K per ton) were amongst the lowest.

From January 2022 to June 2022, the most notable rate of growth in terms of prices was attained by tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel (+4.0%), while the prices for the other products experienced a decline.

U.S. Iron Or Steel Pipe And Tube Imports

In June 2022, the amount of tubes, pipes and hollow profiles (of iron or steel) imported into the United States declined slightly to 482K tons, dropping by -4.9% compared with the previous month's figure. The total import volume increased at an average monthly rate of +6.3% from January 2022 to June 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in March 2022 when imports increased by 34% against the previous month.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) contracted to $934M (IndexBox estimates) in June 2022. The total import value increased at an average monthly rate of +7.4% over the period from January 2022 to June 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in March 2022 when imports increased by 27% against the previous month.

U.S. Iron Or Steel Pipe And Tube Imports by Type

In June 2022, tubes, pipes and hollow profiles (eg open seam or welded, riveted or similarly closed), of iron or steel (308K tons) constituted the largest type of iron or steel pipe and tube supplied to the United States, accounting for a 64% share of total imports. Moreover, tubes, pipes and hollow profiles (eg open seam or welded, riveted or similarly closed), of iron or steel exceeded the figures recorded for the second-largest type, tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel (140K tons), twofold. Tubes and pipes (eg welded, riveted or similarly closed), internal and external circular cross-sections, external diameter of which exceeds 406.4mm, of iron or steel (31K tons) ranked third in terms of total imports with a 6.4% share.

From January 2022 to June 2022, the average monthly rate of growth in terms of the volume of import of tubes, pipes and hollow profiles (eg open seam or welded, riveted or similarly closed), of iron or steel stood at +11.8%. With regard to the other supplied products, the following average monthly rates of growth were recorded: tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel (-3.5% per month) and tubes and pipes (eg welded, riveted or similarly closed), internal and external circular cross-sections, external diameter of which exceeds 406.4mm, of iron or steel (+22.8% per month).

In value terms, the most traded types of tubes, pipes and hollow profiles (of iron or steel) in the United States were tubes, pipes and hollow profiles (eg open seam or welded, riveted or similarly closed), of iron or steel ($582M), tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel ($297M) and tubes and pipes (eg welded, riveted or similarly closed), internal and external circular cross-sections, external diameter of which exceeds 406.4mm, of iron or steel ($49M), together accounting for 99% of total imports. Tubes, pipes and hollow profiles, of cast iron lagged somewhat behind, accounting for a further 0.6%.

U.S. Iron Or Steel Pipe And Tube Imports by Country

South Korea (88K tons), Mexico (65K tons) and Canada (62K tons) were the main suppliers of imports of tubes, pipes and hollow profiles (of iron or steel) to the United States, together accounting for 45% of total imports. Saudi Arabia, Taiwan (Chinese), India, Germany, Japan, Austria, Brazil, Greece, Italy, China and the United Arab Emirates lagged somewhat behind, together comprising a further 44%.

From January 2022 to June 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +376.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel pipe and tube suppliers to the United States were South Korea ($159M), Canada ($146M) and Mexico ($136M), with a combined 47% share of total imports. Taiwan (Chinese), India, Japan, Germany, Saudi Arabia, China, Austria, Brazil, Italy, Greece and the United Arab Emirates lagged somewhat behind, together comprising a further 42%.

Among the main suppliers, Saudi Arabia, with a CAGR of +320.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform