November 2019

EUROPE SECTIONS: Sentiment positive but prices remain stable

Prices for hollow steel sections in Northern and Southern Europe were unchanged this week although mills continued to make higher offers, market sources told Fastmarkets on Wednesday November 20.

US structural tubing prices up again; market hazy on mill price increases

Prices for domestically produced structural tubing in the United States rose for the third week in a row after tube mills announced a second round of price increases, although sources were unclear on how much of that increase would be accepted by the market.

PRICING NOTICE: Change to Fastmarkets MB’s midpoints and averages

Fastmarkets MB will from next month display in the Price Book calculated price midpoints and averages that are rounded to two decimal places.

US domestic, import ERW prices mixed; market eyes mill price increase impact

Prices for mechanical tubing and standard pipe in the United States were mixed on lower import offers from some regions and uneven enforcement of domestic price increases, market participants said.

EUROPE SECTIONS: Prices stable but increases may come soon

Prices for hollow steel sections in Northern and Southern Europe were unchanged this week although some mills were offering higher prices on possible rises in feedstock costs, market sources told Fastmarkets on Wednesday November 13.

TURKEY STEEL PIPE EXPORTS: Mills raise export offers on costlier raw materials

Turkish steel pipe export prices have advanced in the past month due to increasing raw material costs and stronger demand in the domestic market, sources said on Wednesday November 13.

EUROPE SECTIONS: Prices gain stability as Ilva news disrupts trading

Prices for hollow steel sections in Northern and Southern Europe were unchanged this week while market participants digested the news about ArcelorMittal pulling out of the deal to buy Ilva, market sources told Fastmarkets on Wednesday November 6.

CAPACITY WATCH: Nippon Steel consolidating 3 steel units into Kansai Works

Nippon Steel will reorganize three steelworks in Wakayama, Agamasaki and Osaka into its Kansai Works to increase competitiveness, manufacturing capabilities, autonomy and efficiency.

CAPACITY WATCH: Nippon Steel consolidating 3 steel units into East Japan Works

Nippon Steel will reorganize some of its steelworks in Japan to increase competitiveness, manufacturing capabilities, autonomy and efficiency.

US structural tubing price rises after mill increases

The price for domestically produced structural tubing in the United States rose for the first time in three months after electric-resistance-welded (ERW) mills officially pursued price increases.