April 2020

RESEARCH: Key takeaways from the latest Welded Linepipe and OCTG Market Tracker

The latest forecasts from Fastmarkets' team of analysts is ready to view.

Paralyzed oil and gas demand shakes US OCTG and line pipe prices

Prices for oil country tubular goods (OCTG) and electric-resistance welded (ERW) line pipe mostly moved lower in the United States in April, while market sentiment was shaken by an oversupply of oil and gas and lack of demand due to the Covid-19 pandemic.

EUROPE SECTIONS: Prices slip as market remains weak

Prices for hollow steel sections in Europe moved downward this week, with demand not yet showing any sign of rebounding, sources told Fastmarkets on Wednesday April 29.

EUROPE SECTIONS: Italian mill restarts fail to revive weak market

Prices for hollow steel sections in Europe moved downward this week, with demand almost non-existent despite restarts by Italian mills, sources told Fastmarkets on Wednesday April 22.

US structural tubing price flat; demand halted

Prices for structural tubing in the United States stayed at a nearly three-and-a-half-year low on Thursday April 16 as a result of muted demand and a challenging market environment due to the impact of the Covid-19 pandemic.

EUROPE SECTIONS: Prices flat in slow market

Prices for hollow steel sections in Europe were unchanged this week because trading activity failed to revive after the Easter weekend break, sources told Fastmarkets on Wednesday April 15.

US structural tubing price falls; fears linger due to novel coronavirus

Prices for structural tubing in the United States declined to a nearly three-and-a-half year low on Thursday April 9 due challenging market conditions and concerns about a slowing economy due to the Covid-19 pandemic.

US steel import licenses jump month on month in February

While the Covid-19 pandemic has hit domestic steel demand, it has not prevented foreign products from entering the United States, according to an advance indicator of offshore arrivals.

EUROPE SECTIONS: Prices dip on quiet pre-Easter market

Prices for hollow steel sections in Europe widened this week with trading activity remaining slow ahead of the long Easter weekend break, sources told Fastmarkets on Wednesday April 8.

TURKEY STEEL PIPE EXPORTS: Limited demand, lower costs push prices down

Turkish pipe export prices have gone down over the past month amid falling raw materials prices and the limiting effects on demand of the Covid-19 pandemic, sources said on Wednesday April 8.