December 2016

Saudi Steel Pipe wins $28m pipe supply contract from Aramco

Saudi Arabian pipe producer Saudi Steel Pipe (SSP) has been awarded a pipe supply contract worth 106 million riyals ($28.23 million) by Saudi oil & gas company Aramco.

2016 REVIEW: Middle East steelmakers look to regulation to support local production

Most Middle Eastern steel producers have been looking for more protection for their steel output in 2016, and most governments in the region have imposed new duties on imports.

EU hollow sections prices up on rising coil costs despite seasonal slowdown

The price of steel hollow sections in Northern European increased this week as market participants accepted further price rises from producers, despite a slowdown in market activity ahead of the Christmas break.

Mexico starts anti-dumping probe into tube imports from four countries

Mexico has started an anti-dumping investigation into imports of welded tubes from South Korea, Spain, India and Ukraine, the country’s economy secretariat said on Thursday December 15.

EU hollow sections producers raise prices again to cover coil costs

Domestic prices for steel hollow sections increased in Europe this week as market participants accepted further price rises from producers.

Turkish steel pipe export prices up despite falling demand

Turkish steel pipe export markets have started to contract with the approaching winter period and Christmas holidays, while the prices continued to climb, sources said on Wednesday December 14.

Tenaris wins $137m verdict against Venezuela on plants' expropriation

Tenaris and its wholly-owned subsidiary Talta have won a $137 million arbitration judgment against the Venezuelan government over the expropriation of Tavsa and Comsigua.

Vallourec orders bloom caster upgrade at Saint Saulve mill

French steel tube and pipe producer Vallourec has ordered an upgrade for its round bloom caster at its Saint Saulve seamless steel pipe mill in northern France, expanding its product range.

Argentina opens anti-dumping probe into Chinese pipe imports

Argentina has launched an anti-dumping probe into imports of Chinese welded and seamless pipes, according to the country’s foreign trade commission.

EU hollow sections prices push up despite reduced buying activity

Domestic prices for steel hollow sections across Europe have moved up again this week although some sources noted a cooling in the level of activity as the end of the year approaches.