October 2021

EUROPE SECTIONS: Prices fall but 'rock bottom' in sight, sources say

The price of steel hollow sections in Europe moved downward in the week to Wednesday October 20, due to recent imports and falling feedstock costs, sources have told Fastmarkets.

US steel hollow sections market stuck in pricing limbo

Prices for domestic hollow structural sections in the United States have been in nap mode for the past two months while producers, distributors and customers await clarity on market sentiment and direction.

IN CASE YOU MISSED IT: 5 key stories from October 13

Here are five Fastmarkets stories you might have missed on Wednesday October 13 that are worth another look.

Fresh trade case could bolster US OCTG prices

Prices for most oil country tubular goods (OCTG) and electric-resistance welded (ERW) line pipe in the United States were steady or increased slightly in October.

Brazilian tube suppliers Vallourec, Grupo Açotubo create joint venture

Pipe producer Vallourec and Brazilian tube, bar and stainless steel distributor Grupo Açotubo announced a joint venture to supply steel tubes and pipes to industrial clients.

EUROPE SECTIONS: Prices under pressure from falling feedstock costs

The price of steel hollow sections in Europe remained flat in the week to Wednesday October 12, despite pressure from falling feedstock costs, sources told Fastmarkets.

US buyers reject steel hollow structural sections price hike

A producer-announced increase in pricing for domestic hollow structural sections (HSS) in the United States has been uniformly rejected by buyers, and the $75-per-ton increase has been retracted.

Turkey, Russia once again exhaust certain steel import quotas

Turkey and Russia have exhausted their permitted import quota allowances for certain long steel products within just days of renewal, Fastmarkets has observed from European Commission data.

EUROPE SECTIONS: Prices continue to dip as imports flow in

The price of steel hollow sections in Europe dipped in the week to Wednesday October 6; the import quota renewed for another quarter, sources told Fastmarkets.

US sets initial duties vs S Korean OCTG

The United States Commerce Department has issued an affirmative preliminary anti-dumping determination on oil country tubular goods (OCTG) from South Korea, the agency said on Tuesday October 5.