May 2018

EUROPE SECTIONS: Prices dip on trade uncertainty, weak demand

Prices for domestic hollow steel sections narrowed downward in Northern Europe this week, with market activity remaining thin amid regulatory uncertainty, market sources told Metal Bulletin on Wednesday May 30.

US line pipe prices jump on Section 232 supply fears

Line pipe prices climbed in the United States after the Section 232 import curbs triggered supply fears at a time when the outlook for oil and gas pipeline demand appears to be strong. Prices for oil country tubular goods (OCTG) were little-changed near multiyear highs, with hikes on the way.

STEEL WEEK IN BRIEF: Reactions to Section 232, Ramadan lull, strike action in Brazil...

Metal Bulletin reviews the major stories that have affected the steel market over the past week.

EUROPE SECTIONS: Prices edge down on thin trading

Prices for domestic hollow steel sections edged downward slightly in Northern Europe this week, with trade activity remaining thin, market sources told Metal Bulletin on Wednesday May 23.

Colombia starts anti-dumping probe into Chinese welded pipe imports

Colombia has launched an anti-dumping investigation into imports of welded steel pipes from China, the country’s trade and industry ministry said this week.

STEEL WEEK IN BRIEF: Seaborne coking coal stalemate; Section 232 exemptions; higher EU car sales

Metal Bulletin reviews the major stories that have affected the steel market over the past week.

US HSS prices rise; tube mills hold onto margins

Structural tubing prices rose in the United States, with electric-resistance-welded (ERW) mills seeking to maintain profit margins while their substrate costs keep climbing.

Vallourec expects OCTG prices to rise in H2 2018

Vallourec will increase its prices for oil country tubular goods (OCTG) in the second half of 2018 as a result of improving market conditions in the United States and Brazil, the French tube and pipe producer said on Thursday May 17.

EUROPE BEAMS: Offer prices fall as market remains quiet

Domestic prices for steel beams for Northern Europe fell this week as lack of buying activity leads to lower offer prices, sources told Metal Bulletin on Wednesday May 16.