January 2019

US structural tubing prices dive; no sign of HRC price bottom

Prices for domestically produced structural tubing in the United States dropped after distributors avoided ordering inventory while the declining price of hot-rolled coil indicated that tube will be cheaper soon, too.

EUROPE SECTIONS: Prices unexpectedly fall after EU announces quota-tariff plan

Prices for hollow steel sections in Europe moved down on Wednesday January 16, to the surprise of some market participants.

US structural tubing price drops during slow January

Prices for domestically produced structural tubing in the United States have fallen for the 12th week since August after persistent declines in mills' substrate costs convinced distributors to wait longer for lower electric-resistance-welded (ERW) prices.

US tube, pipe prices drop after hot-rolled index recoils

Prices for mechanical tubing and standard pipe declined in the United States after the cost of domestic substrate material slid into correction territory; seamless varieties fell for the first time in more than two years.

TURKEY STEEL PIPE EXPORTS: Prices hit bottom, but demand from Europe expected

Turkish pipe export prices have continued to fall with weak demand and lower costs for pipemaking raw materials, sources told Fastmarkets on Wednesday January 9.

EUROPE SECTIONS: Trading flat as market mulls import quota news

Prices for hollow steel sections in Europe remained flat on Wednesday January 9 while market participants digested the news about a revised import quota regime for the region.

EUROPE BEAMS: Prices unmoved on lack of trading

Domestic prices for steel beams in Europe remained unchanged again on Wednesday January 9, with the market slow to return to trading after the New Year break, sources told Fastmarkets.

US domestic structural tubing prices flat; 2019 buying starts slow

Prices for domestically produced structural tubing in the United States were unchanged on Thursday January 3, with market participants reporting that a post-holiday order surge had not yet emerged.

Fastmarkets moves from 2018 to 2019

Fastmarkets worked to empower its customers in 2018 - a year when they had to navigate metal markets in which fundamentals were often tightening even as greater political restraints were placed on trade than for many years.

EUROPE SECTIONS: Market prepares for tariff as EC extends decision deadline

Hollow steel sections prices in Europe were unchanged in the first week of 2019, with many market participants still on holiday and a resulting lack of trading on Wednesday January 2.