January 2020

BREAKING: China offering force majeure certs for coronavirus-hit businesses

The China Council for the Promotion of International Trade is offering "force majeure certificates" to businesses in China affected by the outbreak of the Wuhan novel coronavirus.

US OCTG, line pipe prices up; market sentiment mixed

Prices for oil country tubular goods (OCTG) and line pipe in the United States increased in January, although sentiment remains mixed due to uncertainty about demand and about the impact of recent increases on hot-rolled coil prices.

EUROPE SECTIONS: Steady prices could rise on thinning import quotas, rising feedstock costs

Hollow steel sections prices in Europe were unchanged this week, despite increasing feedstock costs and quickly expiring import quotas, market sources told Fastmarkets on Wednesday January 29.

US steel product imports mixed in December

The United States' steel imports declined by nearly 18% in December compared with the same month in 2018 but rose by 0.5% sequentially.

AT A GLANCE: JSW Steel reports 41% drop in earnings in Q3 results on lower steel prices

A summary of the financial results for Indian steelmaker JSW Steel for the third quarter of its financial year 2020, covering October to December 2019.

EUROPE SECTIONS: Prices move up on continued feedstock cost rises

Hollow steel sections prices in Europe moved up again this week, with prices for hot-rolled coil feedstock material continuing to rise and EU import quotas moving closer to expiry, market sources told Fastmarkets on Wednesday January 22.

PRICING NOTICE: Fastmarkets moves to annual methodology reviews across PRA divisions

Beginning in 2020, Fastmarkets will review its pricing methodologies and price specifications across all its Price Reporting Agency (PRA) divisions - Metals & Mining and Forest Products - on an annual basis rather than twice per year.

US structural tubing prices flat; structural sections/hot-rolled coil price spread narrows

Prices for domestically produced structural tubing in the United States remained flat on Thursday January 16, with market participants noting steady demand for hollow structural sections as well as a shrinking price spread with hot-rolled coil.

EUROPE SECTIONS: Prices move up on producer-led increases

Hollow steel sections prices in Europe moved up this week, following increases from producers, market sources told Fastmarkets on Wednesday January 15.

HSS price flat; market sentiment murky

Prices in the United States for domestically produced structural tubing were unchanged on Thursday January 9 despite tube mill hikes at the start of the month and a fresh round of flat-rolled mill increases this past week.