January 2020

US structural tubing prices flat; structural sections/hot-rolled coil price spread narrows

Prices for domestically produced structural tubing in the United States remained flat on Thursday January 16, with market participants noting steady demand for hollow structural sections as well as a shrinking price spread with hot-rolled coil.

EUROPE SECTIONS: Prices move up on producer-led increases

Hollow steel sections prices in Europe moved up this week, following increases from producers, market sources told Fastmarkets on Wednesday January 15.

HSS price flat; market sentiment murky

Prices in the United States for domestically produced structural tubing were unchanged on Thursday January 9 despite tube mill hikes at the start of the month and a fresh round of flat-rolled mill increases this past week.

EUROPE SECTIONS: Market remains subdued on further public holidays

Hollow steel sections prices in Europe were unchanged over the past week, with trading activity remaining subdued after the year-end public holidays across Europe, market sources told Fastmarkets on Wednesday January 8.

TURKEY STEEL PIPE EXPORTS: Rising raw material costs push up prices despite limited demand

Turkish steel pipe export prices have increased slightly over the past month amid rising raw material costs, market sources said on Wednesday January 8.

2020 PREVIEW: US M&A activity to mirror 2019

This year could look similar to 2019 on the merger and acquisitions front in the United States steel industry, with long products likely to be busier than flat products, according to analysts.

INTERVIEW: ‘I am going to transform our company’ – Severstal CEO

Alexander Shevelev, chief executive officer of Russian steelmaker Severstal, says that the company has changed its culture quite quickly and substantially to focus on being a solutions provider.

US structural tubing prices rise; mill increases taking hold

Prices for domestically produced structural tubing in the United States rose after buyers accepted another dose of mill price increases stemming from a jump in substrate costs.

US OCTG, line pipe prices slip; demand view dim

Prices for oil country tubular goods (OCTG) and X52 line pipe in the United States declined after buyers grew reluctant to commit to restocking for the new year.

EUROPE SECTIONS: Trading remains on hold after holiday

Hollow steel sections prices in Europe were unchanged this week, with trading still on pause following the Christmas break, market sources told Fastmarkets on Thursday January 2.