May 2019

US structural tubing prices slide again; hurt by coil, slow buying

Prices for domestically produced structural tubing in the United States dropped for the fifth consecutive week after substrate prices tumbled and distributors were confident they could procure inventory later at a lower cost.

TRADE CASE MONITOR: Around the world's steel markets in May 2019

As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in May 2019.

EUROPE SECTIONS: Prices steady as holiday stalls activity in Northern Europe

Prices for hollow steel sections in Northern Europe were stable this week with market activity restricted by the Ascension Day holiday in many northwest European countries.

Mexican agency freezes Ahmsa's assets amid corruption probe

Mexican steel producer Altos Hornos de México (Ahmsa) had its banking accounts frozen by the local federal government on Monday May 27, amid a corruption probe in the country that also implicates a former executive of state-owned oil company Petróleos Mexicanos (Pemex).

EUROPE SECTIONS: Prices stable, market wary about proposed increases

Domestic prices for hollow steel sections in Europe were unchanged this week as the market considered mill proposals to increase prices despite further falls in feedstock costs, sources told Fastmarkets on Wednesday May 22.

EC begins review of steel import safeguards

The European Commission (EC) has initiated a review of its steel import safeguard measures, it said in a notice published in the Official Journal of the European Union on Friday May 17.

EUROPE SECTIONS: Northern Europe prices down on lower HRC

The price range for hollow steel sections in Northern Europe has widened downward this week under the influence of lower prices for hot-rolled coil (HRC), sources told Fastmarkets on Wednesday May 15.

NEWSBREAK: Italy’s Marcegaglia seeks $22-33 price rise on sections, flat steel

Italian re-roller Marcegaglia has announced a price increase of €20-30 per tonne to its hollow sections, coil and plate product, effective immediately, the company told Fastmarkets at the Made in Steel trade fair in Milan, Italy on Tuesday May 14.

US structural tubing price dips to 15-month low as HRC, scrap fall

US structural tubing prices have slipped to their lowest in more than 15 months on falling prices for scrap and hot-rolled coil as well as concerns about second-half demand.

US raises additional duties on Chinese base metal exports to 25%

The United States government has increased its existing 10% additional duties on imports of base metals, ferrous metals and associated products from China to 25% from Friday May 10, citing a lack of progress on ongoing trade talks.