July 2018

British Steel to increase structural sections prices

UK long steel producer British Steel has announced that it intends to increase the price of its structural sections by £30 ($39) per tonne with effect from deliveries from August 1.

Tubacex improves H1 results with stronger focus on value-added products

Earnings at Tubacex, the Spanish manufacturer of seamless stainless steel tube, improved significantly in the first half of 2018 due to a stronger focus on high-added-value materials, the company said on Friday July 27.

US structural steel tubing prices steady after increases mostly stick

Prices for domestically produced structural steel tubing the United States held their ground at historic highs this past week after price increases from electric-resistance-welded (ERW) mills were accepted in the market.

ASIAN MORNING BRIEF 26/07: Nickel, tin lead pack in LME trading; Escondida union vote set for July 28; Freeport in early labor talks at Cerro Verde

The latest news and price moves to start the Asian day on Thursday July 26.

EUROPE SECTIONS: Prices flat but preliminary EU safeguarding decision could push up prices

Prices of domestic hollow steel sections made in Europe remained flat this week but the preliminary decision made in the EU safeguarding case could push up prices soon, sources told Metal Bulletin on Wednesday July 25.

US structural tubing prices hit new high after domestic mill hikes

Prices for US-produced structural tubing rose in the domestic market on Thursday July 19 after electric-resistance-welded (ERW) mills instituted price increases of $30 per ton to recover input costs.

EUROPE SECTIONS: Prices up after proposed feedstock price increase

Prices for domestic hollow steel sections made in Europe went up this week after mills last week announced they would increase prices of hot-rolled coil, the base material for sections, sources told Metal Bulletin on Wednesday July 18.

EU sets provisional safeguarding quotas to combat knock-on effect of US Section 232 tariffs

The European Commission has set preliminary safeguard measures for imports of 23 steel products, it said on Wednesday July 18.

US structural tubing prices flat ahead of price increase announcements

Prices for domestically produced structural tubing in the United States held steady prior to mills announcing a new $30-per-ton ($1.50-per-hundredweight) price increase.

Section 232 pressure pushes US domestic ERW tube, pipe prices up

Prices for domestically produced welded mechanical tubing and standard pipe in the United States rose after Section 232 actions led to stiffer substrate costs and curtailed import competition.