May 2019

EC begins review of steel import safeguards

The European Commission (EC) has initiated a review of its steel import safeguard measures, it said in a notice published in the Official Journal of the European Union on Friday May 17.

EUROPE SECTIONS: Northern Europe prices down on lower HRC

The price range for hollow steel sections in Northern Europe has widened downward this week under the influence of lower prices for hot-rolled coil (HRC), sources told Fastmarkets on Wednesday May 15.

NEWSBREAK: Italy’s Marcegaglia seeks $22-33 price rise on sections, flat steel

Italian re-roller Marcegaglia has announced a price increase of €20-30 per tonne to its hollow sections, coil and plate product, effective immediately, the company told Fastmarkets at the Made in Steel trade fair in Milan, Italy on Tuesday May 14.

US structural tubing price dips to 15-month low as HRC, scrap fall

US structural tubing prices have slipped to their lowest in more than 15 months on falling prices for scrap and hot-rolled coil as well as concerns about second-half demand.

US raises additional duties on Chinese base metal exports to 25%

The United States government has increased its existing 10% additional duties on imports of base metals, ferrous metals and associated products from China to 25% from Friday May 10, citing a lack of progress on ongoing trade talks.

Turkey terminates steel imports investigation with no new duties

Turkey has terminated an investigation into the effects of steel product imports on the country’s domestic steelmaking industry, the Official Gazette announced on Tuesday May 7.

EUROPE SECTIONS: Prices down on lower feedstock costs, dip in demand

Domestic prices for hollow steel sections in Northern Europe moved down this week as feedstock costs continued to fall and demand remained limited, sources told Fastmarkets on Wednesday May 8.

EUROPE SECTIONS: Finished steel follows feedstock price falls

Domestic prices for hollow steel sections in both Northern and Southern Europe moved down this week following continued feedstock price decreases and lackluster demand, sources told Fastmarkets on Wednesday May 1.