December 2020

IN CASE YOU MISSED IT: 5 key stories from December 23

Here are five Fastmarkets stories you might have missed on Wednesday December 23 that are worth another look.

RESEARCH: Steel rally pushes welded pipe prices higher

The latest forecasts from Fastmarkets’ team of analysts are ready to view.

World crude steel production shrugs off pandemic effects to rise 6.6% in Nov

World crude steel production increased by 6.6% year on year in November, with China, Germany and Ukraine posting the largest increases.

RESEARCH: Seamless pipe mills brace for raw materials cost rally

The latest forecasts from Fastmarkets’ team of analysts are ready to view.

EUROPE SECTIONS: Prices jump as mills hunt for feedstock

Rising hollow section prices in Europe this week reflected the struggle mills are facing to source feedstock material amid an ongoing shortage, sources told Fastmarkets on Wednesday December 16.

EUROPE BEAMS: Mills retreat from unpredictable market

Prices for steel H-beams in Europe were unchanged this week after mills stopped offering material due to the unpredictable trading conditions, sources told Fastmarkets on Wednesday December 16.

US pipe, mechanical tube prices rise on mill increases

Prices for domestic and imported standard pipe and mechanical tubing continued to climb in the United States this month due to more mill increases, rising substrate costs and shrinking coil supply, sources told Fastmarkets.

EUROPE SECTIONS: Prices continue higher, HRC costs show no sign of slowing

Hollow steel sections prices moved higher in Europe this week due to continued rises in feedstock costs and tight supply of material, sources told Fastmarkets on Wednesday December 9.

Tenaris invests over $60mln in Canadian ops

Tenaris said it will invest about $63 million US dollars (Canadian $81 million) in its pipe manufacturing operations in Canada, the company said in a release on Wednesday December 2.

EUROPE SECTIONS: Prices continue to rise on supply shortage

Prices for hollow steel sections in Europe moved up again during the past week with feedstock costs continuing to rise on a lack of supply, sources told Fastmarkets on Wednesday December 2.