April 2021

Tata Steel to invest $34 mln to upgrade UK tube site

Tata Steel is to relocate and upgrade its steel tube-making operations at Corby in the UK as part of a £25 million ($34.4 million) investment which will give the business the best chance of a strong future, the company said on Thursday April 15.

US pipe, mechanical tube prices hit new records

Prices for domestic and imported standard pipe and mechanical tubing in the United States continued to hit historic highs in April, marching up in line with climbing substrate costs.

EUROPE SECTIONS: Market jumps, feedstock shortage becomes critical

Prices for steel hollow sections in Europe jumped on Wednesday April 14 due to mills passing on soaring feedstock costs, sources told Fastmarkets.

TURKEY STEEL PIPE EXPORTS: Surging material costs put more pressure on prices

Turkish steel pipe export prices have increased over the past week in line with the rising cost of pipemaking raw materials, market participants told Fastmarkets on Wednesday April 14.

EUROPE SECTIONS: Market under pressure from higher feedstock costs despite quota renewals

Prices for steel hollow sections in Europe remained flat on Wednesday April 7, with the renewed import quota relieving pressure on the market with mills facing higher feedstock costs, sources told Fastmarkets.