October 2018

US imported line pipe prices rise in face of quotas

Prices for imported welded and seamless line pipe in the United States rose in October because of the timing of Section 232 quotas and anti-dumping actions, according to market participants. Prices for domestic line pipe and oil country tubular goods (OCTG) were little changed, holding steady after three months of declines.

EUROPE SECTIONS: Prices down on decline in material costs

Prices for hollow steel sections in Northern Europe have fallen this week following a decline in feedstock prices, Fastmarkets heard on Wednesday October 31.

Pipe maker Vallourec says no to rescue plan for Ascoval joint venture

French tube and pipe maker Vallourec said last week that it would not subsidise a takeover bid for its joint-venture Ascoval steel mill in France, which may now have to close.

US structural tubing prices drop after mills try to entice orders

Prices for domestically produced structural tubing in the United States declined after mills further intensified fourth-quarter discounting to move tons out the door.

ArcelorMittal, NSSMC look to India as growth center after buying Essar Steel

Joint acquisition partners ArcelorMittal and Nippon Steel & Sumitomo Metal Corp (NSSMC) are looking to India as a growth market after ArcelorMittal won the bid to buy insolvent Essar Steel.

EUROPE SECTIONS: Prices stable for now but cuts are likely

Prices for hollow steel sections in the domestic European market have remained stable this week but some market participants were preparing to adjust their prices downward after a decline in feedstock prices, Fastmarkets heard on Wednesday October 24.

US structural tubing prices hold despite flat-rolled mill price increases

Prices for domestically produced structural tubing in the United States remained flat from a week ago, because higher hot-rolled coil prices are only starting to be felt throughout the supply chain.

EUROPE SECTIONS: Mills’ push for price increases confuses market

Prices for domestic hollow steel sections in Europe narrowed upward this week, while announced price increases from mills were viewed with skepticism, market sources told Fastmarkets on Wednesday October 17.

ASIAN MORNING BRIEF 17/10: LME base metals mixed; LME suspending delivery on Sterlite Tuticorin cathode from Jan 16; Rio Tinto lowers aluminium guidance

The latest news and price moves to start the Asian day on Wednesday October 17.

Mexico to seek exemption from Canada's duty on steel imports

The government of Mexico will request an exemption from a 25% duty that Canada plans to impose on imports of steel products.