PVF: Carbon Steel Update

From the brand-new ASA Commodities Report (written by members of ASA’s Industrial Piping Division), carbon steel futures are down 3% this month and 30% year-to-date. International markets are seeing more stress than domestic, as historically high interest rates in Europe have put massive pressure on inventories. Overall economic skepticism on the part of Europe hasn’t done much to prop up carbon steel pricing. 

As has become customary, landed carbon steel pipe price trends are nearly mirroring those of hot-rolled coil futures. Absent any outside forces, we suspect that to continue. It is worth mentioning that steel prices have recovered from their 2023 lows.

To receive a copy of the new Commodities Report, contact ASA’s Mike Miazga at mmiazga@asa.net.