April 2019

EC to halt anti-dumping case into welded tubes, pipes, profiles, market sources say

The European Commission (EC) will halt its anti-dumping investigation into imports of welded steel tubes, pipes and hollow profiles, whether of square or rectangular cross-section, originating from Macedonia, Russia and Turkey, market participants told Fastmarkets on Tuesday April 30.

US structural tubing prices flat; no rebound in sight

Prices for domestically produced structural tubing in the United States were unchanged on Thursday April 25, with market participants bracing for more potential discounting due to burgeoning stocks at the mills.

Russia’s OMK building line to supply 500,000 tpy of seamless pipe

Russian pipemaker OMK has started construction of a new production line with capacity for 500,000 tonnes per year of seamless tube and pipe at its Vyksa Steel Works, the company said on April 22.

US structural tubing prices dip; buyer stubbornness prevails

Prices for domestically produced structural tubing in the United States declined for the fourth time in five weeks after distributors sensed that their largest suppliers were aiming more for market share than for propping up prices.

IN CASE YOU MISSED IT: 5 key stories from April 17

Here are five Fastmarkets MB stories you might have missed on Wednesday April 17 that are worth another look.

EUROPE SECTIONS: Prices stable in thin trading conditions; eyes on EC safeguarding quotas

Domestic prices for hollow steel sections in both Northern and Southern Europe remained stable this week ahead of the Easter holiday when reduced trading is expected, sources told Fastmarkets on Wednesday April 17.

MMK export steel shipments down by 52% in Q1 2019

Russia’s Magnitogorsk Iron & Steel Works (MMK) reduced its export sales in the first quarter of 2019 by 52% due to repairs at a rolling mill as well as reallocation of shipments to the home market, the company said on Monday April 16.

IN CASE YOU MISSED IT: 5 key stories from April 16

Here are five Fastmarkets MB stories you might have missed on Tuesday April 16 that are worth another look.

EU ministers approve granting of free carbon allowances to steel, other metal sectors until 2030

The European Union Council of Ministers has accepted a proposal that steel, iron and non-ferrous metal producers should be allocated free carbon allowances under the EU emissions trading system (EU ETS) until 2030.

US domestic, import standard pipe prices fall on ‘terrible’ demand

“Terrible” demand weighed on prices of domestic and imported standard pipe in the United States, while mill price increases announced in February failed to stick in the domestic structural tubing market, sources told Fastmarkets AMM.