December 2018

MEIS 2018: Middle East tube, pipe demand to remain strong for next five years

The demand for oil country tubular goods (OCTG) and linepipes in the Middle East region is expected to remain strong in the next five years supported by the development of oil and gas drilling and infrastructure, James Ley, principal consultant of Fastmarkets MB research, said at the 22nd Middle East Iron and Steel Conference in Dubai, on December 10-12.

EUROPE SECTIONS: Market resists proposed price increases

Hollow steel sections prices in Europe were unchanged this week, which reflects doubts about the ability of mills to push through proposed price increases, market participants told Fastmarkets MB on Wednesday December 19.

US structural tubing prices drop again as discounting intensifies

Prices for domestically produced structural tubing in the United States dropped for the 11th week since August after mills went the extra mile to entice orders before closing their books for 2018.

EUROPE SECTIONS: Prices flat, market races toward import quota limit

Hollow steel sections prices in Europe remained flat this week while the market mulled the implications of reaching the import quota limit, market participants said.

TURKEY STEEL PIPE EXPORTS: Slow demand, trade barriers send prices further down

Turkish pipe export prices continued to weaken over the past week largely due to trade barriers and limited demand, sources told Fastmarkets on Wednesday December 12.

STEEL WEEK IN BRIEF: High-grade 65% iron derivative launch by SGX, trade war truce, sanctions hitting Iran…

Fastmarkets MB reviews the major stories that have affected the steel market during the week ended Friday December 7.

EUROPE SECTIONS: Prices flat; lower feedstock costs battling import quota limit

Hollow steel sections prices in Europe were stable this week but lower feedstock costs and a reduced import quota limit could bring about a significant change, market participants said.