June 2019

US structural tubing price widens lower; market eyes bottom

Prices for domestically produced structural tubing in the United States weakened for a ninth straight week after hot-rolled coil substrate costs descended to their lowest point in two-and-a-half years.

US domestic, import OCTG, line pipe prices decline

Prices for domestic and imported oil country tubular goods (OCTG) and line pipe in the United States retreated in June after distributors came to believe that a dip in oil prices may further mute drilling investment for the rest of the year. The price for domestically produced J55 casing tumbled by 7.7%.

EUROPE SECTIONS: Prices narrow but renewed import quota could push market down

Domestic prices for hollow steel sections in Northern and Southern Europe narrowed this week on a lack of imports and higher feedstock costs but this could be short lived when import quotas renew next week, sources told Fastmarkets on Wednesday June 26.

US structural tubing prices dive, chasing HRC index lower

Prices for domestically produced structural tubing in the United States declined for the eighth consecutive week after mill offers were adjusted yet again to reflect the downward trend in substrate costs.

PRICING NOTICE: Standardization of Fastmarkets’ price names

Fastmarkets has standardized the names of our metals and minerals prices across our product suite for ease of use and greater transparency.

EUROPE SECTIONS: Prices unchanged but poised to increase

Domestic prices for hollow steel sections in Northern and Southern Europe were unchanged this week, with market participants expecting increases in the coming weeks, sources told Fastmarkets on Wednesday June 19.

US structural tubing prices sink on HRC decline

Prices for domestically produced structural tubing in the United States dropped for the seventh straight week after the cost of hot-rolled coil substrate continued to tumble.

US tube, pipe prices sag; buyers await HRC stability

Prices for domestically produced mechanical tubing and standard pipe in the United States declined after buying slowed in response to persistent weakness in substrate costs.

EUROPE SECTIONS: Prices up as mills continue to seek increases

Domestic prices for hollow steel sections in both Northern and Southern Europe moved up this week on higher feedstock costs and increased offer prices at mills, sources told Fastmarkets on Wednesday June 12.

TURKEY STEEL PIPE EXPORTS: Prices dip as quotas, seasonal holidays reduce market activity

Turkish pipe export prices have gone down slightly because of imminent seasonal holiday absences and the start of a new import quota period in Europe, sources said on Wednesday June 12.