May 2021

STEEL TUBE & PIPE: OCTG fights ‘triple whammy’

Some positive signs have finally materialized in the oil country tubular goods (OCTG) market in the United States, but a return to pre-pandemic patterns remains elusive, panelists said during the opening session of Fastmarkets’ Steel Tube and Pipe 2021 conference on Monday May 10.

STEEL TUBE & PIPE: No peak in sight, Trivedi says

Tight supply, long lead times and high prices for steel pipe and tube likely will not end in 2021, Borusan Mannesmann Pipe US Inc supply chain director Dhaval Trivedi said during a presentation at Fastmarkets’ Steel Tube & Pipe 2021 conference.

STEEL TUBE & PIPE: Packaging demand to remain strong into 2022

The rally in demand for steel packaging products will carry into next year, a top executive at JFE Shoji America said during a panel at Fastmarkets’ Steel Tube & Pipe 2021 conference.

EUROPE SECTIONS: Prices increase further on continuing low availability, high cost of feedstock

Prices for steel hollow sections in Europe moved up further on Wednesday May 5, with high feedstock costs and a lack of material choking the market, sources told Fastmarkets.