October 2020

Tata Steel, SSAB decline to comment on rumors of merger talks

Major European flat steel producers Tata Steel and SSAB both declined to comment on speculation that they have begun merger talks, when the companies spoke to Fastmarkets on Friday October 23.

RESEARCH: Costs uphold prices for seamless energy tubulars, despite weak demand

The latest forecasts from Fastmarkets’ team of analysts are ready to view.

EUROPE SECTIONS: Mills achieve higher prices

The price of hollow steel sections in Europe increased sharply this week while mills continue to push for and achieve higher prices, market sources told Fastmarkets on Wednesday October 21.

US structural tubing price on the rise; more mills announce increases

Prices for hollow structural sections in the United States rose again on Thursday October 15, on the heels of a fourth tube mill price increase.

US standard pipe, mechanical tube prices up

Prices for domestic and imported standard pipe and mechanical tubing continued to rise in the United States in October following price hikes on certain grades as well as higher costs and tighter supply of substrate material, according to sources.

EUROPE SECTIONS: Mills maintain pressure for higher prices

The price of hollow steel sections in Europe moved up again this week with mills continuing to push for increases, market sources told Fastmarkets on Wednesday October 14.

TURKEY STEEL PIPE EXPORTS: Buyers rush to secure material within quota allowance

The Turkish steel pipe export price was stable over the past month, supported by strong demand for the material, sources said on Wednesday October 14.

FOCUS: How would a second wave of Covid-19 affect the European steel market?

The numbers of cases of Covid-19 infection have begun to grow once more across Europe, and Fastmarkets has heard the fears of various market participants about the consequences that any new restrictions or lockdowns could have for the steel sector.

US structural tubing price up; more mill increases expected

Prices for hollow structural sections (HSS) in the United States rose again on Thursday October 8, and market participants expect mills to announce additional increases.

EUROPE SECTIONS: Prices move up; feedstock prices maintain incline

Hollow steel sections prices in Europe moved up further this week while mills continue to pass on higher feedstock costs, market sources told Fastmarkets on Wednesday October 7.